YurloTrades

Bullish market structure broken (BTC) ABC pattern (waves) LL LH

Short
INDEX:BTCUSD   Bitcoin / U.S. Dollar
Hello traders,

There's a possibility we see something like this play out over the next week.

Bullish market structure was broken once the September 7th low was swept (lower low) & we've printed a lower high rejecting $45,000 which seems to be strong resistance.

We've also been rejecting the 21 MA today, and going sideways under resistance.

We could see 0.618 fib before the move down to 0.382 fib but if this sentiment continues there's a chance we dump anyways tomorrow or early next week.

If this market sentiment continues we could see below $40,000 soon.

Please like/comment.

👍
Trade active:
GG thanks for playing see you under $40,000, target is $38,444.