BTC was bid up nicely but lost the momentum with a shift to a risk-off attitude in the overall markets. Following this pump and witnessing the second bearish daily candle, it seems the best approach is to fade this recent bullish action and look for targets in the previous lows.
The risk profile highlighted in the chart has a 5R return , and the covered risk...
Active bearish algo target pointing all the way down to 2100 . I think these pivots are very likely in use by many algos because of the reactions we got multiple times at the .236 (none of the other pulls from other pivots before the drop below 6K have any fib lines that line up in that 4140-4150 resistance area). We also got a pretty strong reaction so far at...
