firmestudio

BTCUSDT short scalping reversal

firmestudio Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
A pullback can be expected from this zone. I'm targeting 37.1k. As we can see in Fisher transform oscillator, a oversold condition for BTCUSDT can push market to an upward by the open daily. Consider that an reversal signal in 15M will occurs in a crossing. Price action can be spiked at 37.1K so... it will be a long condition for bullish tokens in the crypto market.
Comment:
BTCUSDT showing a bull trap on this falling wedge in a double top formation peaking at 68.1% Fibonacci Retracement on H4 chart. My target for tomorrrow is 34.5K (14.6& Fibonacci Retracement)
Comment:
Chaikin Money Flow divergence is a strong signal of weakness (SOW) wich can be ready as a reversal trend / peak signal. H4 chart.

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