Btc in short position will go down because breaks the trend line invalidating the ascending triangle pattern, also confirmed open and close candle of sell below 0.236 fib level .
Hi, this is just a back testing that i used after i see this video www.youtube.com Trading with Heiken Ashi + Ema 10 and 30 crossing strategy, plus trend line as support for shorting at best lower highs possible and fibonacci trend retracement as a tool for confirmation as well , enjoy your save trade profit!
Fib ret tool show's open close red candle below 0.236 value, trend line points to bear's are in control descending lines with target 1 almost reached in couple of hours ... and bulls not reached the middle point of control for btc 35-36k indicating that target 2 (29k range) is possible all levels given by fib ret tool trend and previous support and resistance...
BTC price action in short term is down trend, we will restest again 32k if we get lucky to survive this support if not will drop to 28k again. In my opinion If we are in the latest wyckoff phase maybe big whales will force price break down 28k range to get lower support like 23 - 25k range before BTC going to the moon again.
I spot this bear flag. max target again to 20k range...