With the current decline, we can continue to short BTCUSD to the fibonacci retracement of 0.618.
If you draw the parallel channel using the previous trend line, we can close the short position at the similar fib retracement level, defined by the green dotted line @ about 9120.
Stop loss slightly above the 50% fibonacci retracement.
If you draw the parallel channel using the previous trend line, we can close the short position at the similar fib retracement level, defined by the green dotted line @ about 9120.
Stop loss slightly above the 50% fibonacci retracement.