Short term look at BTCUSD levels for COINBASE:BTCUSD by FibnFork

Short term look at BTCUSD levels

Just some things to note if your looking at shorter time frame btcusd charts.
Down-trending Parallel channel capping momentum to the upside. Mid point been pivoting advances/declines.
Rsi trend upwards off range lows.
.236 fib levels 6th jan - 11th jan decline

Note

Missed this line. Sketchy flat bottom wedge? If we get to top see how price reacts to check credibility

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Coming to test upper side of channel

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Squeezing into a narrow area

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See if it follows through with the break of the channel. Red area .382 fib retrace 6th - 11th decline and mid level of general range we've been trading in (been a pivot for price since 22nd december)

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Break of RSI trend + break back into channel

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FibnFork

Related publications

BTCUSD channel still intact

by FibnFork

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