BTCUSDT might have broken a major daily trend line and the next 3 days price close will determine if the price is going lower to next fibo levels .
Comment:
There is a high probability that the price will go down to 1.618 fibo at 2949.60 . please refer to my Daily elleiot wave scenario.
Comment:
The Price still did not re-test the trend line but it closed below it for the past 3 days. There is still a high probability chance that the price will go down to 1.618 fibo at 2949.60 .I will only buy if the price breaks and closes above the down trend line for at least 3 days or the price goes above 35967.
Good Luck
Good Luck
Comment:
Price reached first target down at the 100 fibo (31926.02) and lower to 31550.
I am still bearish as long as the price still under the trendline . Price still have high probability to reach the next 1.618 fibo (29429)
I am still bearish as long as the price still under the trendline . Price still have high probability to reach the next 1.618 fibo (29429)
Comment:
BTCUSD price still in a strong downtrend.The last time the price broke the lower BB band was on Jun 21 and on the next day the price dipped down to 28805. on July 16th, the price breaks the lower BB band once again which increases the downtrend momentum .Daily STO is oversold below 20 since July 16th. The daily RSI is still below 50 level since Jun 15th but never went below 30 level. Overall the 3 indicators plus breaking the trendline still indicate a high probability to go down to the next fibo 1.618.
Trade closed: target reached:
Second Target reached
Comment:
BTCUSDT failed to break above the green trendline, this now considered a strong resistance line .
