Trading psychology 101 (inversed BTC chart) $27,333 (0.618 fib)
Updated
This should help you guys put price action into perspective.
Flipping the charts (inversed) helps you see things from the other side of things and if you're wrong you'll see it quickly.
Price action: we broke down from the uptrend on January 21st, and retest the broken trend line today (January 22nd), which we rejected from and confirmed a short term bearish trend.
Don't get trapped into thinking we're going back to ATH's, because we're not. (yet)
Please get this technical analysis to 30+ likes to unlock tomorrow's daily TA 👍
See you at $27,333.
Flipping the charts (inversed) helps you see things from the other side of things and if you're wrong you'll see it quickly.
Price action: we broke down from the uptrend on January 21st, and retest the broken trend line today (January 22nd), which we rejected from and confirmed a short term bearish trend.
Don't get trapped into thinking we're going back to ATH's, because we're not. (yet)
Please get this technical analysis to 30+ likes to unlock tomorrow's daily TA 👍
See you at $27,333.
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I hope this post helps you guys put things into perspective!
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Enjoy your weekend my friends!
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On top of all this confluence, PSAR just gave a short signal
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If we start rejecting and losing support levels, we will eventually start falling towards this target ($27,777) and even lower if that doesnt hold.This is my last post until I've got a clear bias towards things, until then enjoy your week!
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