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mortdiggiddy

Good short setup on $BTCUSD

Short
Bitcoin (COINBASE:BTCUSD)  
mortdiggiddy Updated   
COINBASE:BTCUSD   Bitcoin
Fibonacci Trend Lines Parallel Channel Cryptocurrency crypto BTCUSD BTC coin
21
3
fibonacci trendline parallelchannel cryptocurrency crypto btcusd btc coin
I expect a rejection in this parallel channel area for BTC. Target 1 is the 2019 low, then to the 78.6 FIB on the way down.
Comment:
Weekly.
snapshot
Comment:
Weekly CAM pivots showing tag on Camarilla R4. Heavy resistance here.
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Comment:
A conservative entry would be to wait for 8100 to short, at the low of today's large daily candle.
Comment:
Waiting and watching here, volume is peaking out right now on this location.
Comment:
Rejected weekly ATR stop, perfect!
snapshot
Trade closed manually:
Closing this manually, we are getting a daily ATR stop bounce after rejecting the Weekly ATR stop. There is a decent chance of revisiting 9200 now and busting the descending white channel.

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Find the edge.

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