We recently retested the 62 and 78fib and failed to break through. Momentum has shifted bearish again. I shorted a 4h HnS setup and opened it on the right shoulder at around 15500usd Bitfinex. I would like to see it dropping sub 14000 and make our way down gradually towards 10k for the big break. Im considering 15k as solid resistance now to protect my short.
The target for my short is a big volume gap in the daily at around 8k-9k usd bitfinex.
The target for my short is a big volume gap in the daily at around 8k-9k usd bitfinex.