JatinVaswani

BTC/USDT Analysis

Long
JatinVaswani Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
ATH Flip level for BTC using Fibonacci and confluence of important levels including structural support, Fibonacci and Monthly High, RSI

RSI : Oversold Zone

Scenario 1) BTC Flips from Fib 0.5 (54300)
Good consolidation and breakout
Target - 81056

Scenario 2) BTC Flips from Fib 0.618
Target - 78600

Further update upcoming

Thank You.
Comment:
As we can see, we did not get any closing above our confirmation level, therefore there was no reason to go long and get trapped unnecessarily.

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