Bitcoin / TetherUSShort
InvestMate ₿ Bitcoin Where the Correction Will End ₿
₿ Bitcoin Where the Correction Will End
₿ Nearest strong support zone: around the fibo 0.236 level of the upward wave.
₿ Nearest strong resistance zone: around recent peaks.
₿ Technical environment:
- Moving averages: uptrend
- MACD: Downtrend
- RSI: Uptrend
₿ Price action: bitcoin after reaching the area of 23.5k has started to perform a correction, the question is where it can end. There are two key supports ahead. The first around the fibo level of 0.236 of the upward wave where we also have the peaks of the last flat correction. The second is around the fibo level 0.382 where the lows of the last correction are located. I encourage you to watch these levels and watch how the price will react when it gets there.
₿ The scenario I play is to wait for the correction to end and for the uptrend to continue. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
₿ Nearest strong support zone: around the fibo 0.236 level of the upward wave.
₿ Nearest strong resistance zone: around recent peaks.
₿ Technical environment:
- Moving averages: uptrend
- MACD: Downtrend
- RSI: Uptrend
₿ Price action: bitcoin after reaching the area of 23.5k has started to perform a correction, the question is where it can end. There are two key supports ahead. The first around the fibo level of 0.236 of the upward wave where we also have the peaks of the last flat correction. The second is around the fibo level 0.382 where the lows of the last correction are located. I encourage you to watch these levels and watch how the price will react when it gets there.
₿ The scenario I play is to wait for the correction to end and for the uptrend to continue. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.