BTCUSDT short scalping reversal

By firmestudio
Updated
A pullback can be expected from this zone. I'm targeting 37.1k. As we can see in Fisher transform oscillator, a oversold condition for BTCUSDT can push market to an upward by the open daily. Consider that an reversal signal in 15M will occurs in a crossing. Price action can be spiked at 37.1K so... it will be a long condition for bullish tokens in the crypto market.
Comment
BTCUSDT showing a bull trap on this falling wedge in a double top formation peaking at 68.1% Fibonacci Retracement on H4 chart. My target for tomorrrow is 34.5K (14.6& Fibonacci Retracement) snapshot
Comment
Chaikin Money Flow divergence is a strong signal of weakness (SOW) wich can be ready as a reversal trend / peak signal. H4 chart. snapshot
ehlerFibonacciFibonacci RetracementfisherOscillatorsreversalscalpingTrend Lines
firmestudio

Related publications

Disclaimer