Short Opportunity on BTCUSD
I though of sharing my current technical analysis with all of the interested people. We have a few things lining up nicely.
First of all we have a downsloping trendline from the ATH over the last two peaks of the BTC price action ( 52k and 43k) lining up with a .618 fibonacci retracement . Additionally this .618 fib retracement lines up with two key levels which cannot be seen in the picture. the first one being the low of the previous year's value area low, next to this we had a beautiful range last June/July from which the POC lies around 39.5k creating the key level.
Sharing your thoughts on the analysis would be appreciated.
First of all we have a downsloping trendline from the ATH over the last two peaks of the BTC price action ( 52k and 43k) lining up with a .618 fibonacci retracement . Additionally this .618 fib retracement lines up with two key levels which cannot be seen in the picture. the first one being the low of the previous year's value area low, next to this we had a beautiful range last June/July from which the POC lies around 39.5k creating the key level.
Sharing your thoughts on the analysis would be appreciated.
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