Hello Ladies and Gentlemen.
BTCUSDT faced the forth rejection from the 25175 (0.618 fib level) and clearly supported on the weekly support of 20749.
So, keeping our eyes on
NDX and 
SP500 indexes, volatility is coming for BTCUSDT, with two possible scenarios depicted in this chart.
Thanks for aggreging or disagreeing with my idea in advance!
Any thoughts are always welcomed in the comment section!
Cheers!
BTCUSDT faced the forth rejection from the 25175 (0.618 fib level) and clearly supported on the weekly support of 20749.So, keeping our eyes on
NDX and SP500 indexes, volatility is coming for BTCUSDT, with two possible scenarios depicted in this chart. - The first scenario is a bullish scenario which respects a monthly 0.382 fib level (the purple one) and BTC goes higher.
- The other one is that BTCUSDT falls over the previously weekly support and gets rejected from either the 0.382 fib levels (red or purple) and falls again to Monthly or even lower to GIANT weekly support (Giant because it is the previous ATH).
Thanks for aggreging or disagreeing with my idea in advance!
Any thoughts are always welcomed in the comment section!
Cheers!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.