U can see in LTF (4H chart) how the price respect and reacted with 0.786 fib resistance , POC line and the upper side of the symmetrical triangle
Those 3 levels are gathering in a green rectangular which we called "confluence zone"
U can see many times of breakout this green rectangular ... always with huge candle..( Check it i highlighted with red circle).
According to those data we expect price will touch 0.618 fib level or closing below it(fake breakout)
Then continuation a bullish te get a new ATH as shown with Elliot wave
Thank u for reading our idea ...hit "like" and "follow" if u found it useful for you 🎯
Those 3 levels are gathering in a green rectangular which we called "confluence zone"
U can see many times of breakout this green rectangular ... always with huge candle..( Check it i highlighted with red circle).
According to those data we expect price will touch 0.618 fib level or closing below it(fake breakout)
Then continuation a bullish te get a new ATH as shown with Elliot wave
Thank u for reading our idea ...hit "like" and "follow" if u found it useful for you 🎯
Comment:
Untill now price respect my 0.618 fib golden level ...still hold breakout the green zone will be soon
Comment:
Just 8 days for bitcoin halving ...tell me in comments ur opinion about price action of bitcoin!
Comment:
U can see how accurate my vision here!
Price trading below 0.618 golden level and close below as expected..
Then the price now breaking out the upper side of symmetry triangle...
Hold with Patience... bullish rally incoming!
U can see how accurate my vision here!
Price trading below 0.618 golden level and close below as expected..
Then the price now breaking out the upper side of symmetry triangle...
Hold with Patience... bullish rally incoming!
