Very small long scalp on $BTC just because I got stopped out in profits on my last one. Have fun :) Decent r/r not the greatest of trades but could be worse.
since we got a candle close below the 0.236 again I'm currently in a short looking for the bottom of the fibonacci retracement.
Last position got stopped out in very slight profits unfortunatly, not the bullish reaction I was looking for so now we are short until 8440 ish great R / R on this one too!
judging by the way the price is reacting to the fibonacci channel I'm expecting it to pump up to the 9400 area, great r/r on this trade! Good luck bulls.
Based on my fibonacci levels and considering we crossed the first one I'm expecting at least a tap of the 9200 levels on $BTC ,
In my opinion if we do decide to go higher than that, volume profile shows some key areas at 9400 - 9500 ish.
as you can see we are very close to either touching or breaking out of a bearish fib channel, the bullish fib channel I recently discovered convinces me this isn't a bulltrap but more of a bullish momentum change. See you soon.
