BTC soon to face triple threat resistances (MA200-Fibo-Channel)
As previously predicted by the super eerily on point Wyckoff pattern on my previous chart
(Please check my previous chart on ETHUSDTPERP)
ETH along with BTC bounced up strongly and now are within the Wyckoff correction path.
To further reconfirm the possible incoming correction, BTC is soon to face a triple threat resistances through EMA100, Downtrend Channel limit and Fibo 0.5
As per usual being the grandfather of Crypto, this next few hours will be critical as the drop (or the break) will be mimicked by the rest of the "kids"
I am currently more on bearish and the assumption it will be rejected as they are compounded by too many indicators. We shall see whether BTC is able to push through or self corrected before trying the next push
(Please check my previous chart on ETHUSDTPERP)
ETH along with BTC bounced up strongly and now are within the Wyckoff correction path.
To further reconfirm the possible incoming correction, BTC is soon to face a triple threat resistances through EMA100, Downtrend Channel limit and Fibo 0.5
As per usual being the grandfather of Crypto, this next few hours will be critical as the drop (or the break) will be mimicked by the rest of the "kids"
I am currently more on bearish and the assumption it will be rejected as they are compounded by too many indicators. We shall see whether BTC is able to push through or self corrected before trying the next push