BYBIT:BTCUSD
Rejecting here at the top of the channel and seeing a swing failure/fail auction pattern play out we could be heading down to a completion of a not so textbook bullish bat, it will have confluence with the 50% fib retrace (over all Low to High), range POC (Can change) and a daily swing candle close. Lots of confluence imo. If I'm not seeing a clear reaction off the D point I will remain in my short looking for lower levels of support trailing my SL.
loss of 23800 will be a strong indication of lower prices coming.
Multiple TP's will be taken on the way down and up.
Rejecting here at the top of the channel and seeing a swing failure/fail auction pattern play out we could be heading down to a completion of a not so textbook bullish bat, it will have confluence with the 50% fib retrace (over all Low to High), range POC (Can change) and a daily swing candle close. Lots of confluence imo. If I'm not seeing a clear reaction off the D point I will remain in my short looking for lower levels of support trailing my SL.
loss of 23800 will be a strong indication of lower prices coming.
Multiple TP's will be taken on the way down and up.