BTCUSD - Short *****

Seeing strong resistance at fib 0.618 rejected 4 times, bear flag formation, failing to break upwards will retest ema200 again around 7800-7900$ if breaches will seek next fib level (0.786) at 6322.28$.

Comment:

If 0.618 is validated as a support equally strong as it was a resistance, it will open soon for a nice short term uptrend...Closely watching price action above 9129$ level

seeing bull pressure over MACD and RSI, 10500-10700 may be on sight

Watch Elliot waves for impulse signs

Trade closed: target reached:

Closed, updating perspective over next idea.

Comment:

Seems that upwards breach of fib 0.618 was fake, and that bear flag was true...

Going down to re-test 8200$ and 7800$...

0.786(6322.38$) Fib seems an attainable target now, got buy's spread all across it.

Comment:

Everything happened as expected...fib 0.786 nice place to have buy's... :D