BTCUSD: Waiting for that 8200-8400 retest, 6000$ coming

The price couldn't go above 9000 again and made a lower High. Descending trend line, Fibonacci Retracement (61 and 78%) and a potential Head and Shoulders are all alligned in that 8200-8400 zone.
Should we see rejections from that zone, we can start go SHORT because after some significant green candles this year we still haven't seen a correction. Last weeks candle showed us that bulls are losing power, so we need to be careful with this week's candle.
Entry: 8200; Stop Loss: 8400-8500
Take profit: 1) 7450, 2) 6900, 3) 6000

評論:

With 8150$ being met, the only thing we can do now is wait for a second retest of the zone, hopefully touching 78.6% Fib and the descending trendline shown on the picture. If we see clear rejections from this zone, we can start buying SHORT contracts. My targets are shown in the analysis.
Stay patient and good luck everyone!