BTCUSDT long term overview. Confluences: Show of weakness w/ Chaikin Oscillator, divergence from ATH in Awesome Oscillator and show of continuation tendence w/ Fisher Transform. Weekly condition is bearish. Head and Shoulder target in daily timeframe: pullback to neckline accomplished, TP1; Fibonacci Retracement from bear flag target is TP2. Chaikin Oscillator is near of zero below. Big SOW. Price can dump below 32,9k.
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)
