BTCUS Short, Optional re-entry, golden ratio count, AB=CD, Crab
BTCUSD Optional re-entry, golden ratio count, AB=CD, Crab
Hi trader. As you can see on this roadmap of BTCUSD we have strongs confluences which efforts a speculative montly target based on Gartley AB=CD and others Fibonacci's golden ratio correlations. I'm pointing in a counting of timeframe a probably re-entry for a better short position. A Bump and Run (BARR) effect can be developed in a potential downward continuation as well a micro Head and Shoulders formation. A swing daily target can be expected at 88.6% of Fibonacci Retracement. We are in a PRZ area of a Crab harmonic pattern terminated in the upthrust peak. The daily condition is bearish but in the next hours the price action can elevate above 44.3k, as a H&S’ neckline retest. Some wyckoff’s fundamentals are displayed in balllons.
Technical indicators
- Awesome Oscillator - bearish condition for the next hours and strong bearish divergence;
- Fisher Transform - potential micro bullish (small retrace) momentum in a macro downward;
- Ehler’s Smoothed Stochastic RSI - daily bearish, H4 in a potential retrace.
Candlestick’s price action strongly bearish in a bearish engulfing formation. That’s a good point to scalp in short.
All informations displayed here and on the chart are for educational use only.
Hi trader. As you can see on this roadmap of BTCUSD we have strongs confluences which efforts a speculative montly target based on Gartley AB=CD and others Fibonacci's golden ratio correlations. I'm pointing in a counting of timeframe a probably re-entry for a better short position. A Bump and Run (BARR) effect can be developed in a potential downward continuation as well a micro Head and Shoulders formation. A swing daily target can be expected at 88.6% of Fibonacci Retracement. We are in a PRZ area of a Crab harmonic pattern terminated in the upthrust peak. The daily condition is bearish but in the next hours the price action can elevate above 44.3k, as a H&S’ neckline retest. Some wyckoff’s fundamentals are displayed in balllons.
Technical indicators
- Awesome Oscillator - bearish condition for the next hours and strong bearish divergence;
- Fisher Transform - potential micro bullish (small retrace) momentum in a macro downward;
- Ehler’s Smoothed Stochastic RSI - daily bearish, H4 in a potential retrace.
Candlestick’s price action strongly bearish in a bearish engulfing formation. That’s a good point to scalp in short.
All informations displayed here and on the chart are for educational use only.
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