adrian_marc

Possible Fibonacci downwards channel BEAR

Short
adrian_marc Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
As I said above a fib tunnel is forming. There is also a bearish divergence is the RSI, that can bring us to potential lows and in the 8800 resistance range before a potential trend reversal. That being said please manifest extra care as a break is imminent. I believe chances are 60 % downward and 40 upwards. We will see. There are several Bear factors at play and several indicators on sell.
Trade closed: stop reached:
Well, my calculation was correct and market naturally went down. But Whales fucked the day, and manipulate the price in the most ludicrous way.
Sorry. Big bulls decided to swing the tide up.
Technical Analysis rules doesn't not apply for goldheads. Hope you had tight stop loss.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.