Bitcoin / TetherUSBinance
Description
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I've already explained some key points on the chart.
Volume shows top is in.
My initial top target was 1.618 BC blue Fibonacci level.
I believe we current leg up started in Sep-Oct. This is where I placed my first golden Fibonacci extension.
From the breakout to top green Fibonacci 0.5 0.618 levels are ~15k and ~16k points of bounce for B leg.
Final C leg down target could be ~13.9k top of 2019, pretty close to 0.618 level red Fibonacci of March to top.
Trade active
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Hidden bearish div on the 1H and 4H 0.618 hit, most likely we are going down ~17450 first target.
B should be done. Any higher than 18.5k, going back into the channel would invalidate this idea.