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.

Kommentar:

Weekly.

Kommentar:

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

Kommentar:

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

Kommentar:

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

Kommentar:

Rejected weekly ATR stop, perfect!

Trade wurde manuell geschlossen:

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.