BTC got rejected at 0.382 Fibo level having bounced off at 15476 on November 21, so short trade got triggered at 17854 December 15 and now target -0.272 Fibo level ( red dash line on the chart) at 13.9k. Stop loss already moved to break-even.Note
Nothing has changed so far, I expect BTC to continue to dump.Note
Given the bear trap that just happened at sub 16k, there's possibility of BTC to pump towards 17.2k - 17.5k before continue to dump. Trade safely.Note
Trust you guys start the week very greatly! Nothing much has changed in BTC so far, this current pump should present a good level to open short trades in the coming days.Note
BTC finally tested 17.5k as predicted. I will look out for a fakeout above 17.5k and enter short.Note
It's been a few days party for the bull, unfortunately this party ends as soon as BTC could not hold and reclaim the 21k mark. Short trade has been triggered again and target remains the same level as stated in the main post.
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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.