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parissap
Aug 1, 2022 5:15 AM

BTC correction in short time Short

BINANCE:BTCUSDT.P60
Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

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#BTC/USDT
BTC touched the ascending resistance and rejected, now price broke down from 1h support zone, and try to confirm it as resistance.

🐻 holding the current zone as resistance will drop price to fib levels and last support zone is the same with ascending support around $21600.

🐮 holding 0.382 fib level and break out from $23650 will increase price toward ascending resistance again, and even break it out strongly.
FibonacciSupport and ResistanceTrend AnalysisBTCBTCUSDTBitcoin (Cryptocurrency)bitcoinanalysisFibonacci RetracementsupportandresistancezonesTrend Line Break
Comments
SwallowPremium
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Well predicted so far, where do you think is a good time to buy?
parissap
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@SwallowPremium, I will share my longer term view soon :)
pejman_zwin
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Great parisa, keep going
parissap
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@pejman_zwin, thanks mate
Solldy
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That's a great idea! In the current situation, an asset is not very predictable, so thank you very much for posting!
parissap
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@Solldy, Thank you dear Solldy
JoeChampion
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Good idea, it makes sense! Bitcoin will drop
parissap
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@JoeChampion, thanks mate
HAMED_AZ
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well done
parissap
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@HAMED_AZ, merci buddy
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