Nice idea on BTCUSD and there may be potential gains as you have identified by going short. For this setup, we have identified resistance and support levels. The 1st resistance level that we have found is at 6809. It is a horizontal overlap resistance, with 50% Fibonacci retracement and 61.8% Fibonacci extension. RSI is approaching resistance and we might see a corresponding drop in price should it react off this level. If a corresponding drop does occur, we may want to take a closer look at the 5890 support level. It is a horizontal swing low support, with 61.8% Fibonacci extension. Excited to see how things develop.
Please take a look at our idea and share with us what you think.
Please take a look at our idea and share with us what you think.