Short BTC to 16,000.
Nice strong move down over the 200ema, the ema indicator also now turning down.
16000 aligns beautifully with the 0.5 fib and previous resistance. The move to 0.5 fib has an 85% chance if it clears 16550 area.
Coupled with my Donchain Ribbon showing red throughout and my Heatmap showing lots of red - I like this trade.
Stop at 17100.
Nice strong move down over the 200ema, the ema indicator also now turning down.
16000 aligns beautifully with the 0.5 fib and previous resistance. The move to 0.5 fib has an 85% chance if it clears 16550 area.
Coupled with my Donchain Ribbon showing red throughout and my Heatmap showing lots of red - I like this trade.
Stop at 17100.