Sell below 6666. Stop loss at 7014. Take profit at 6160.
Reason for the trading strategy (technically):
BTCUSD is testing its resistance at 6666 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect price to reverse, causing price to fall to its support at 6160 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
Reason for the trading strategy (technically):
BTCUSD is testing its resistance at 6666 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect price to reverse, causing price to fall to its support at 6160 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.