BTC USDT By HesamUNT ( Short-term scenario )
Updated
hey traders, i hope u having gr8 day so far
as we expected, the Golden Ratio which comes from the HTF fib ext is still working as a support area
price made a shadow below the Golden Ratio in HTF like Weekly, and then we had another bullish wave in LTF like 1H 2H 4H
the confirmation for that move was the Harmonic Triangle or ascending triangle in LTF like 5m 15m at the key lvl which was the golden ratio
after breaking up the Golden Ratio, we can take it as a potential SWAP area, so we can expect this lvl work as a potential support area in the next touches ( Yellow zone )
now, the price gets rejected in HTF like daily, and 4H at the 0.786 lvl
as long as this lvl still works as a resistance area, we can expect this sell pressure continue to the midline of the parallel channel as a tp1 and bottom of the channel which confirmed by SWAP area as a TP2 n full Target
What u think about Bitty ? share ur thoughts n leave a comment
as we expected, the Golden Ratio which comes from the HTF fib ext is still working as a support area
price made a shadow below the Golden Ratio in HTF like Weekly, and then we had another bullish wave in LTF like 1H 2H 4H
the confirmation for that move was the Harmonic Triangle or ascending triangle in LTF like 5m 15m at the key lvl which was the golden ratio
after breaking up the Golden Ratio, we can take it as a potential SWAP area, so we can expect this lvl work as a potential support area in the next touches ( Yellow zone )
now, the price gets rejected in HTF like daily, and 4H at the 0.786 lvl
as long as this lvl still works as a resistance area, we can expect this sell pressure continue to the midline of the parallel channel as a tp1 and bottom of the channel which confirmed by SWAP area as a TP2 n full Target
What u think about Bitty ? share ur thoughts n leave a comment
Note
still rejecting from the lvl in LTFmake sure u will protect ur profit
Note
TP1u can close, or keep it open n put ur sl in+
Note
Note
theres a chance for this channel 2 push the price upso, if u still in position, make sure u will protect ur profile
Note
theres an update that u can checkmake sure u will check the profile for more ideas n details
Note
hit the SL in + around 64600waiting for another confirmation
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