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BTCUSD I made squares... very artistic right? BTCUSD Continuing with the previous analysis the trend is going to follow the descending fibonacci (0.618) getting closer to the orange dotted ascending support which can be strong for either up trend or short strongly. So for now we will wait the trending to get closer to it, which means descending a little as short as 29500pips. Any corrects for the terms I used are apprecieted! Questions are also welcomed!
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BTCUSD strong suport @25000~ strong resistance @30000~ (cant import chart capture cause I dont pay for this platform and this is my first post) BTCUSD used a little bit fibonacci, still analyzing after bounce in the strong suport (@25000~) broke thru the descending fibonacci red line (0.236 value) holding on the orange line (0.382 value) so we moved the stop loss from 24000 to ~27000.
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