Bearish Multi-Day May 3rd Scenario

4 mag 2020

After assessing the traditional markets with some analysis pointing towards a possible top coming in with correction expected in the near future I decided to draw up a possible move for BTC in the foreseeable future as the current price level seems to be brushing against a critical Fib Retracement level on a larger timeframe (from the peak of the previous high before the dump). Keep in mind all the blue boxes are major S/R levels which can be catchment areas or possible pivot points.

Stay tuned for updates. Will also be publishing a bullish scenario if price action moves upwards.