BTCUS Short, Optional re-entry, golden ratio count, AB=CD, CrabBTCUSD Optional re-entry, golden ratio count, AB=CD, Crab
Hi trader. As you can see on this roadmap of BTCUSD we have strongs confluences which efforts a speculative montly target based on Gartley AB=CD and others Fibonacci's golden ratio correlations. I'm pointing in a counting of timeframe a probably re-entry for a better short position. A Bump and Run (BARR) effect can be developed in a potential downward continuation as well a micro Head and Shoulders formation. A swing daily target can be expected at 88.6% of Fibonacci Retracement. We are in a PRZ area of a Crab harmonic pattern terminated in the upthrust peak. The daily condition is bearish but in the next hours the price action can elevate above 44.3k, as a H&S’ neckline retest. Some wyckoff’s fundamentals are displayed in balllons.
Technical indicators
- Awesome Oscillator - bearish condition for the next hours and strong bearish divergence;
- Fisher Transform - potential micro bullish (small retrace) momentum in a macro downward;
- Ehler’s Smoothed Stochastic RSI - daily bearish, H4 in a potential retrace.
Candlestick’s price action strongly bearish in a bearish engulfing formation. That’s a good point to scalp in short.
All informations displayed here and on the chart are for educational use only.
