Previously we talked about this scenrio which happened excately as the idea said kindly check it here below:
We have now a nice bullback, but it's a critical level guys we have many probablities here and am gonna discuss every probability to decide and take the right decision about this trade
1- We have a Mixed two down trends: the 1st one was from the 0.618 fib level from the ATH to this year high at 14k, 2nd one from fake breakout.
2- Metting 6 times region resistance that was support for around 2 months
3- Having Golden level breakdown and the next level after retesting we have now is 5450$
4- Deathcross on weekly chart !
5- POV from VP was at 7200 levels which it's broken and we have a retest at this moment
So the Q is : Are we gonna see 5k levels in a few days ?
A : Maybe yes is having the highest probabilities unless (Breaking the current point with a full body candle)
6- Like if you appreciate this idea. and kindly check related ideas.