Anticipating bitcoin to pullback down to $36600 as a conservative target. There is a 1hr demand order block there. It's currently sitting at resistance with big top wick rejections on the 4hr, there's also a 1hr supply zone there around fib 78.6. On top of that there's an upper trendline confluence - zooming out a bit as well can put together a decent bottom trendline to form la symmetrical triangle pattern - so yeah expecting a small Black Friday Sale
Trade closed: stop reached
I got stopped ngl but I re opened a short. I'll admit my initial stop was too tight, just barely got wicked. I still believe we're due for a minor pullback at least. We're just below previous daily support if look to the left. And currently at daily resistance for current price action. Paired with the fact that we just keep pushing up with no strong support being form I don't think it's good idea to long so am short.
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