Good short setup on $BTCUSD

I expect a rejection in this parallel channel area for BTC. Target 1 is the 2019 low, then to the 78.6 FIB on the way down.

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Weekly.

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Weekly CAM pivots showing tag on Camarilla R4. Heavy resistance here.

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A conservative entry would be to wait for 8100 to short, at the low of today's large daily candle.

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Waiting and watching here, volume is peaking out right now on this location.

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Rejected weekly ATR stop, perfect!

Trade stängt manuellt:

Closing this manually, we are getting a daily ATR stop bounce after rejecting the Weekly ATR stop. There is a decent chance of revisiting 9200 now and busting the descending white channel.