BTC short: top of channel is formed

We're potentially forming a horizontal channel. A lower high is formed, which provides a short opportunity.

There was strong volume during the most recent uptrend. However, at some point volume completely dropped off. This could signal a reversal, as there is apparently no liquidity at these levels.

What's more, this drop in volume happened exactly at the Fibonacci golden pocket. This area is now acting as resistance.

Trade geschlossen: Ziel wurde erreicht:

TP1 was hit on the wick down. SL moved to entry and got stopped out.