Bitcoin / Tether

Short

Bitcoin Fulfilled Fibonacci Extension: Coming Pullback/Reversal?

By YardleyRosette

Updated

Take Profits:
9300,
8650,
8000

Trade active

SHORT with downtrend pattern/formation etc confirmation.

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Come on traders, give the thumbs up!

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Too early short call, 6H 3H

snapshot

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I underestimated taking into account MarketBaseline (Orange line) steepness upward rather than waiting for it to curve downward regardless of RSI (green line) line direction since MBL behaved as a representation of strong support as RSI retraced to MBL. I am now observing zone of ~$12,000 as higher likelihood of becoming stronger resistance.

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Personal Lesson: Take High consideration of MBL's steepness on higher time frame(s).

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Secret Learned?

snapshot

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Current Theorized Situation: <deleted>

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Current Situation [FIXED]: <deleted>

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The above is an idea post not only a picture.

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Indicator recommended: Traders Dynamic Index

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This prediction will no longer be updated; Check out my recent ones tradingview.com/u/YardleyRosette/

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