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XBTUSD short term bearish
DISCLAIMER: This is TA from a beginner learning to trade. I take all trades I publish unless otherwise stated. However, I use very small position sizes for the purposes of learning. Follow my journey as I cut my teeth in trading.
I have noticed throughout btc's short term consolidation, it has been following fib levels relatively well. I have no long bias even though it has broken a downtrend. On higher timeframes, until it creates HH (higher than 7450), we are consolidating. Price has wicked up but failed to cut through supply zone at the 7230-7300 region.
I am betting on a short down to 61.8 which has also acted as support.
I have noticed throughout btc's short term consolidation, it has been following fib levels relatively well. I have no long bias even though it has broken a downtrend. On higher timeframes, until it creates HH (higher than 7450), we are consolidating. Price has wicked up but failed to cut through supply zone at the 7230-7300 region.
I am betting on a short down to 61.8 which has also acted as support.
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