XBTUSD Likely scenario!?! too many rejections down we go! SHORT
Whats going on everyone! I hope this chart on XBTUSD will help others see what i am seeing here, If your not already following make sure to go FOLLOW and if you feel this chart makes sense to you LIKE as that will allow other traders to see my charting and over we can learn together!
The chart pretty much says it for itself we continuously keep getting rejected upwards with lower highs every attempt.
Expecting sell off down to 61.8 FIB "4034" retest of resistance line to be rejected again and as my chart shows then i would assume 3870's-3880's will retest with rejection and downward momentum building ultimately causing this to break out of trend line dropping to 3600 support which would be our next stop either slowly making it down or having a quick sell off, Which i believe will be a QUICK SELL OFF!
Well that's all i have right now for XBTUSD/BitMEX,
best regard's to your trading, LIquidmex
!DISCLAIMER!:THIS IS NOT FINANCIAL ADVICE AS I AM NOT A FINANCIAL ADVISER. THIS CONTENT IS INTENDED FOR EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY!
The chart pretty much says it for itself we continuously keep getting rejected upwards with lower highs every attempt.
Expecting sell off down to 61.8 FIB "4034" retest of resistance line to be rejected again and as my chart shows then i would assume 3870's-3880's will retest with rejection and downward momentum building ultimately causing this to break out of trend line dropping to 3600 support which would be our next stop either slowly making it down or having a quick sell off, Which i believe will be a QUICK SELL OFF!
Well that's all i have right now for XBTUSD/BitMEX,
best regard's to your trading, LIquidmex
!DISCLAIMER!:THIS IS NOT FINANCIAL ADVICE AS I AM NOT A FINANCIAL ADVISER. THIS CONTENT IS INTENDED FOR EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY!
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