TradingFellow

BTC - The 'perfect' down move.

COINBASE:BTCUSD   Bitcoin
After hitting the 0.618 Fibonacci retracement perfectly, the Bitcoin BTCUSD made an extension right into the 1.272 Fibonacci extension level. And that without hesitation.

Now, having some trouble passing that level, it almost seems to be a perfect short setup.

However an AB=CD pattern emerges a bit above, and a trend line is passing by. Price can always go higher, but this confluence of 3 indicators can give you some better clues to go short and profit from a correction.

Happy trading!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.