BTC USD Short idea

1 thg 3, 2021

Sorry, it's a bit crowded in my chart. Possible short entry at 48.9K area. Reasons are the .618 FIB of the last swing high to low, .382 FIB from the ATH to the low at 43K, R3 FIB pivot on 15 min time frame (also "P" pivot on the 1HR time frame) and a daily level acting as resistance.

TP1 is .382 area in confluence with the range POC, TP2 is .618 in confluence with P pivot and dOpen.