BTC USD Technical analysis

BINANCE:BTCUSDT   Bitcoin / TetherUS
Considering Aroon's downward trend, it will continue to decline for an average of 7 days.
It will be completed within 14 days.

If no error in my measurements BTC draws the gartley pattern

I have shown the target TP zones in the graphic.

if we look at the old support points, BTC will come back at a support of 41K.

You can see the acceleration of the decline in the flow of money.

I marked the target points of the indicator data.

Fibonacci levels, oscillator levels when they reach their target area, the downward movement will end.

EMA lines do not create a death cross.
Yes, maybe this will be a hard fall.
But strong stimulation leads to strong action.

I advise new investors not to be afraid of this downtrend.
Destructive, but not deadly.
Everything will be fine in a short time.
When the downtrend is over, I will write my suggestions for uptrend .

Note: I'm just expressing my opinion. This is not investment advice.


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