As we can see and we talked about BTCUSD ,its just beginning of correction and we would expect more correction and fall all way to our targets that based on Fibonacci levels and strong support Targets : A. 54000 B. 52500 C. 50400
Blue arrow :previous analysis :
Red path :is what expected but we should consider this that price can easily fall from this area too(new weak resistance created here ) and maybe we do not touch trendline once again here or maybe first trendline and then more falling as shown
DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>> <<press like👍 if you enjoy💚>>
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.