Short opportunity for BTCUSD-- 8:1 R/R
Here, we have BTC retesting the .382 fib level of the fibonacci retracement drawn on BTCUSD's most famous (or infamous, perhaps..) price move from 10k to 65k, shown as a clean impulse on the 1M timeframe. The .382 is being tested as resistance on 1M & 1W timeframes. There are also buying opportunities to be risked in this area also, so be sure to use proper risk management when entering into a trade. Let me know what you think of my idea in the comments below. If you like my idea, be sure to like the post! I will also link some of my other BTCUSD ideas and analysis in the links related below. Happy Trading, and good luck!
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