Is BTC correction at the end of the path ???
Hello dear friends
Is BTC correction at the end of the path ???
To answer this question, I recommend that we examine the chart carefully and with a little pessimism
We see a valid trend line marked in blue and a static support at the Fibonacci level of 0.618 below the price.
Also a downtrend line shown in red
Well, I think this support is the last valid support to keep the price in the 40K channel, and if the selling pressure continues, the lower target is in the 30K range.
Fundamentally, it seems a little unlikely that the price will fall to that range
As a result, I think the likelihood of further correction in the current range is greater than further price declines
And in case of breaking the downtrend line, this scenario can be greatly strengthened.
So we follow the process carefully and intelligently so that we can make profitable business decisions
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
Is BTC correction at the end of the path ???
To answer this question, I recommend that we examine the chart carefully and with a little pessimism
We see a valid trend line marked in blue and a static support at the Fibonacci level of 0.618 below the price.
Also a downtrend line shown in red
Well, I think this support is the last valid support to keep the price in the 40K channel, and if the selling pressure continues, the lower target is in the 30K range.
Fundamentally, it seems a little unlikely that the price will fall to that range
As a result, I think the likelihood of further correction in the current range is greater than further price declines
And in case of breaking the downtrend line, this scenario can be greatly strengthened.
So we follow the process carefully and intelligently so that we can make profitable business decisions
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
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