💎Technical Analysis Summary💎
BTC/USDT
-We have two potential Bullish scenarios for Bitcoin today
-First is to hold the current level and bounce up to 51k-53k dollars
-Because we can see two rejection at 44k dollars support area
-This zone is a confluence of previous resistance and 0.5 Fib level
-That is a good reason for price reaction on the 2nd retest
-The second scenario is a mid correction down to the 50D MA support
-With conjunction of the golden Fib 0.618 which can act as a strong buy signal
-But if the second analysis will play out, expect the over-all market to follow BTC
-So please be prepared for both scenarios as we are in a correction phase
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to ahancock🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USDT
-We have two potential Bullish scenarios for Bitcoin today
-First is to hold the current level and bounce up to 51k-53k dollars
-Because we can see two rejection at 44k dollars support area
-This zone is a confluence of previous resistance and 0.5 Fib level
-That is a good reason for price reaction on the 2nd retest
-The second scenario is a mid correction down to the 50D MA support
-With conjunction of the golden Fib 0.618 which can act as a strong buy signal
-But if the second analysis will play out, expect the over-all market to follow BTC
-So please be prepared for both scenarios as we are in a correction phase
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to ahancock🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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