Simple and clean 4h chart

Simple and clean 4h chart

BTC is moving slowly , waiting for weekly closure , and we will see btc moving down to 7200$.
So many confluences , double top , fibonacci extension , trend line .If we break the trendline we wait for the retest and boom there we go stratight to 7200.
The strongest one is the double top . We can enter short now but that is only if we rely on fibonacci , if we obey double top rules we should wait until 7750 and then enter short , target 7200$.

Published at Sun, 12 Jan 2020 22:29:24 +0000

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