BTUSD: Massive Rejection at Key Resistance Opens Doors for Short

This weekly pitchfork is pretty active with price slope pretty valid as we may see at all the parallels of the median line set. Last week we had this massive rejection at the upper parallel, a signal that most likely the market will drop. Just switch to the lower timeframes and watch for a sell setup before going short in BTCUSD.

In the hourly chart, we have a bullish flag for a short term buy. You may ignore this and just wait for a sell setup completion.