BTC shortI

18 thg 4, 2021

The last high broke the trend of the previous and clearly showed a potential reversal risk, this based that prices went from a more vertical to a total horizontal trend, which then corrected and confirmed a strong resistance level. Bulls where not able to continue and make a positive retest. A positive bounce back from the pivot zone could have indicate that prices where ready to retest support, however we broke different fibonacci levels and we might continue to the 78,60 % which I am nearly 100 % sure prices will not continue to fall, due to fundamental forecast and growing boom of cryptocurrencies.

A buy order might be considered at the fibonacci 78,60
and SP at the 100% Fibonacci levels.

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Take care, be significant minded when trading and regards,

Kevin C. Best