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Yurlo
Oct 18, 2020 5:30 PM

BITCOIN REJECTING KEY FIB LEVEL ~ (low volume pump = bearish) Short

Bitcoin / United States DollarCoinbase

Description

-Yurlo

Good afternoon traders and investors, please give this TA a thumbs up if you like it 👍

(next major resistance ~ was the 2nd validation point on the downtrend, which would be an area of high liquidity) $12,100

(top resistance ~ the 1st validation point which initiated the downtrend) $12,490

Looking for a retest of lower support levels ~ $10950 - $11085 seems probable before anything further can occur considering the liquidity below us currently.

I'm short (bearish bias)

$12,100 on a 4 hour close or daily would invalidate this trade.

Enjoy your week, I'm working 60 hours so I won't be as active but thought I'd share this TA for you guys!

Stay safe, and stick to your trading plan! 👍


Comments
Phi-Deltalytics
Nice idea!
dragansimic171111
Thanks.
SlowAndSteadyTrading
Thanks Yurlo
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