BTCUSDT short up-to-date
Updated
Some correlations between Fibonacci ratios on retracement and AB=CD with oscillators Ehler's Smoothed [LazyBear] Stochastic and Even Better Cinewave [CC]. Price action below weekly Volume Weighted Moving Average (VWMA-20) is a strong bearish signal to look forward to a bear trend continuation, assuming that we have an intraday upthrust (distribution) movement and a potential bearish breakout That's a very good point of entry for shorts in the crypto market. I'm maintaining my 14.6% Fibonacci target to the expected Head and Shoulders correction.
Note
Trade closed: target reached
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