BTCUSD POTENTIAL SHORT/SELL MAJOR DROP INCOMING! AGAIN!
TICKER CODE: BTCUSD
Company Name: NA
Industry: Blockchain/Crypto
Position Proposed: SELL
Technical Analysis
1. Large Pennant/Falling Wedge Pattern
2. Pennant / Falling Wedge Completed and now near completion of Breakout Retracement
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. RSI would reach OVERSOLD level
Entry: 58000-60900
1st Take Profit: 41200
Expected Take Profit in May/June 2021
A LARGER FIBONACCI placed to retrace at 41200 is added in that would be considered a good buy position to consider at the Fibonacci 0.618 (Golden Zone) Also on KEY STRUCTURE!
If you look at my linked chart which I did share to sell BTCUSD at it's ATH..
Company Name: NA
Industry: Blockchain/Crypto
Position Proposed: SELL
Technical Analysis
1. Large Pennant/Falling Wedge Pattern
2. Pennant / Falling Wedge Completed and now near completion of Breakout Retracement
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. RSI would reach OVERSOLD level
Entry: 58000-60900
1st Take Profit: 41200
Expected Take Profit in May/June 2021
A LARGER FIBONACCI placed to retrace at 41200 is added in that would be considered a good buy position to consider at the Fibonacci 0.618 (Golden Zone) Also on KEY STRUCTURE!
If you look at my linked chart which I did share to sell BTCUSD at it's ATH..
Trade closed: target reached
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