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JammyJef
May 17, 2020 10:04 AM

BTC Consolidation - Fib .236 and .382.  

Bitcoin / TetherUSBinance

Description

Following yesterday's short, multiple rejections at Fib .382 ($9330) has been followed by consolidation within range of .236 and .382 retracement levels.

Liquidated short at $9350 after 3rd rejection and now waiting for a break out for next trade.

Looking at volumes, could see a major move either way. Bullish on daily and bearish on 4hr.

Best to sit and wait on this one.

As ever, patience is key.

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