BTCUSD SHORT/SELL MAJOR DROP INCOMING! Monthly CHART
Technical Analysis
1. Rising Wedge NOT COMPLETED on a 4 hours chart (Possibly completed when the market reaches 62k)
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern (Rising Wedge on 4 hours) which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX! - As seen
My Re-entry is based on structure levels to the left, a larger Fibbonacci Retracement level and market to bounce of EMAs 60/200 :)😁
Here's my clear projection.
1. Rising Wedge NOT COMPLETED on a 4 hours chart (Possibly completed when the market reaches 62k)
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern (Rising Wedge on 4 hours) which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX! - As seen
My Re-entry is based on structure levels to the left, a larger Fibbonacci Retracement level and market to bounce of EMAs 60/200 :)😁
Here's my clear projection.
