BTC short: top of channel is formed
We're potentially forming a horizontal channel. A lower high is formed, which provides a short opportunity.
There was strong volume during the most recent uptrend. However, at some point volume completely dropped off. This could signal a reversal, as there is apparently no liquidity at these levels.
What's more, this drop in volume happened exactly at the Fibonacci golden pocket. This area is now acting as resistance.
There was strong volume during the most recent uptrend. However, at some point volume completely dropped off. This could signal a reversal, as there is apparently no liquidity at these levels.
What's more, this drop in volume happened exactly at the Fibonacci golden pocket. This area is now acting as resistance.
Trade chiuso: obiettivo raggiunto
TP1 was hit on the wick down. SL moved to entry and got stopped out.
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