BTC / USDT
The Price in the new range between 48k - 42k
What are the possible reversal levels (my view) ?
1– repeat similar movements between late may and early August but in a smaller range
(This scenario has the highest possiblity)
fake breakout then drop to make three taps to local support before going up
2– deep correction to 37k-34k and go up after
(the second possible scenario)
This area has strong fibonacci levels for reversal
3– straight breakout without correction
(This scenario has the lowest possiblity)
For this scenario to be played out we need to hold above 46k daily
Which scenario do you like the most ?
Dont forget to like and follow for more analysis and ideas
Best of luck 🙏
The Price in the new range between 48k - 42k
What are the possible reversal levels (my view) ?
1– repeat similar movements between late may and early August but in a smaller range
(This scenario has the highest possiblity)
fake breakout then drop to make three taps to local support before going up
2– deep correction to 37k-34k and go up after
(the second possible scenario)
This area has strong fibonacci levels for reversal
3– straight breakout without correction
(This scenario has the lowest possiblity)
For this scenario to be played out we need to hold above 46k daily
Which scenario do you like the most ?
Dont forget to like and follow for more analysis and ideas
Best of luck 🙏