Short GMT. 0.618 FIB is 1.68 TARGET
Rejected levels at 0.31 FIB Level (2.32), MACD has crossed over into lower region and downtrend continuation is forming.
BTC is breaking lower into the 41K region.
GMT / USDT
GMT possible forming a falling wedge pattern on 1H timeframe. Monitor GMT on 1H!
Take note:
A good entry is equals to a good risk- reward ratio. Therefore, look for the best entry!
GMTUSD is one of the hottest coins around having seen an incredible rise since March 09. Naturally not everyone had the insight to get in on this rally but having traded for almost 1 month, we can see some levels and pressure points on the 4H time-frame that can help those who missed it, get a solid entry.
As you see, this uptrend is being supported by the 4H...