BTCUSD - 1 to 1 Measured Move at an Interesting Level

I'm not a Crypto trader, but I had some free time this morning and decided to poke around a Bitcoin chart. One of the cool things I love about technical analysis is that it doesn't matter the market or the timeframe, the chart is the chart and price action is price action.

I stumbled across this opportunity that looks pretty interesting. After creating a classic reversal pattern at the top, price looks to now be creating a complex retracement, back into previous structure resistance. This would be a nice level to look for a structure based shorting opportunity, if that level were to hold.

Akil
"Had A Lot of Fun Racing Cars This Weekend"