Short Trade Location has hit. Bitcoin came here direct, with no meaningful retrace on bounce, and no test of bottom. V-Bottoms are not 'secure'. It sooner or later will be tested, and this AB=CD trade suggests it will be breached, and Bitcoin will hit Monster Support shown at Green Dashed Line,
Major resistance is currently at ~$410. I would be astounded if that support is taken out anytime soon, or at least before testing the bottom.
I suspect something like a test of 'the bottom', a breach of the 38.2$ retrace, but a fail around $410, a test and fail of the 'the bottom', and fall into the Monster ...
Price making it's way up into Short Reload Zone, with Bearish Divergence showing between price action and MACD. Williams %R is also pretty maxed, although not stupid maxed. Awaiting bearish candle formation.
Potential break out of ascending triangle. I expect a bit more testing/faking out of the trend line, with the actual 61.8% retrace on Kraken being at €303. Targeting the 38.2% resistance zone, from the €455 - €277 correction. Note values in €uros, not dollar$