am going short from here till $2800 with 10x, call me stupid but hey, that's life, no risk no reward
obviously not going in with no proper TA, a butterfly pattern where 61.8% fib level is holding and we can see a bear divergence triangle. the target is $2800 is becaeuse that is the price point for the one to one move of the AB-CD, a 1.168% level is at that...
looking to take a short scalp from the 4050-3950 range for set up one,
with a set up to be taken on the 4250-4400 levels for a broad Price range
will be taking position on a range break rejection off res/fib boxes
BIAS: LTF BULLISH HTF BEARISH
Im seeing a tap of the 4k range before a break down from the 100 day ma
(dead cat bounce towards previous lower high...
Despite the fact that Bitcoin is moving up, it is still inside the falling channel and current actions seem to be just a correction of the downward movement.
We have to pay attention to the RSI, it is overbought and also show a divergence, which tells us about the comming reversal.
Moreover, amount of LONG position is extremely high, F&G Index is quite high too....