Bitcoin / TetherUSShort
Still expecting black friday short to 36400
Explained in previous analysis. We re below daily support...look to the left. And based on more recent price action we're at daily resistance. And zooming down to the hourly we rejected from that big push up, then get another rejection creating a lower high and just now...could be creating another minor lowrt high. You could draw an uptrendline and wait for the break but I re-entered because I think the confluences are strong. We're also at 1hr supply level and 1hr fib 78.6 level.
36900 could be first target area since we reject from there on 4hr. If fail to hold then 36400 which is what am aiming for. Could go lower in the range to 35900 but I'll rather get out before then because we're in an overall range atm and 36400 is a demand zone on the 1hr where we get that aggressive push up...leaving behind big imbalance that's not filled as yet.
36900 could be first target area since we reject from there on 4hr. If fail to hold then 36400 which is what am aiming for. Could go lower in the range to 35900 but I'll rather get out before then because we're in an overall range atm and 36400 is a demand zone on the 1hr where we get that aggressive push up...leaving behind big imbalance that's not filled as yet.
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