moneyflow369

BTC key area for big short 40.3k fib levels and previous demand

BYBIT:BTCUSD   None
Multiple Fibonacci retracements pulled with confluence on the .786 and 0.618 .66 where previous heavy demand was before big move down
also low volume node and .382 lining up with eachother

Going to be looking for a short at 39k / 40k area let me know what you think, I will market buy when we see the reaction, if retest and rejected then short, if we break through and backtest as support I will long.

will post targets later on fib extensions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.