BitcoinShort
SHORT BTCUSD PT 22 000 SL 29 000
Updated
LOOKS LIKE THIS IS DUE FOR A PULLBACK.
NEGATIVE DIVERGENCE ON RSI AND BEARISH SHOOTING STAR CANDLESICK OBSERVED.
STOCHASTIC INDICATOR LOOKS TO HAVE TOPPED OUT AND READY FOR A SIGNIFICANT BEARISH CROSSOVER.
EXPECTING THIS TO TOUCH CLOSE TO 61.8% FIB RETRACEMENT LEVEL.
PT IS SLIGHTLY ABOVE 61.8% LEVEL AND SL SLIGHTLY ABOVE ATH.
SOME PROFIT TAKING COULD BE CONSIDERED AROUND 23.6% LEVEL (∼24 000).
NEGATIVE DIVERGENCE ON RSI AND BEARISH SHOOTING STAR CANDLESICK OBSERVED.
STOCHASTIC INDICATOR LOOKS TO HAVE TOPPED OUT AND READY FOR A SIGNIFICANT BEARISH CROSSOVER.
EXPECTING THIS TO TOUCH CLOSE TO 61.8% FIB RETRACEMENT LEVEL.
PT IS SLIGHTLY ABOVE 61.8% LEVEL AND SL SLIGHTLY ABOVE ATH.
SOME PROFIT TAKING COULD BE CONSIDERED AROUND 23.6% LEVEL (∼24 000).
Note
***MY BAD, EXPECTING THIS TO TOUCH CLOSE TO 38.2 FIB (AND NOT 61.8) AND PT SLIGHTLY ABOVE THAT.
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