BTCUSD short
Price action rejected at parallel channel high.
Along with a nice bearish candle pattern on daily chart
See a push through current channel for a pick up in momentum
Expecting a retest of triangle pattern intersection which also coincides with .5 fib retrace of current trend higher (30th dec - 6th jan)
Roadblocks along the way will be .382 retrace + mid line of the longer term parallel channel
Along with a nice bearish candle pattern on daily chart
See a push through current channel for a pick up in momentum
Expecting a retest of triangle pattern intersection which also coincides with .5 fib retrace of current trend higher (30th dec - 6th jan)
Roadblocks along the way will be .382 retrace + mid line of the longer term parallel channel
Note
Retest of mid pointNote
Now nearing our support areaNote
14278 next support down: .618 fib retrace of recent uptrend + res/sup 1st+4th waveNote
Testing bottom of parallel channelThings are moving fast
Note
Upside momentum still capped by RSI trend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.