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FEEDZED94
May 12, 2020 12:29 PM

BTC/USD PULLBACK Short

Bitcoin / TetherUSBinance

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BTC FAILED TO BREAK THE WEEKLY 0.5 AND 0.618 RETRACEMENT, MADE A DOJI AND IS NOW BACK TO THE WEDGE ZONE. IF WE DON´T MANAGE TO BREACK TO THE UPSIDE, I M LOOKING FOR A PULLBACK.

- TP1: 7666.18
- TP2: 6924.57
- TP3: 6182.95

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ON THE 4H CHART BTC IS FACING RESISTANCE AT THE POINT 0.5 FIB AND THE 50 EMA. WILL SEE IF HE CAN BREAK.

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IF BTC BREAK ABOVE THOSE 2 LINES IN THE NEXT 2 HOUR AND HOLD, IT WILL BE BULLISH. OTHERWISE I WILL LOOK TO THE POTENTIAL REVERSAL
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