BTC.USD Monthly VisionHello Guys. How are you today?
Let me say to Frankly, It's not financial advice.
that is just a Vision of the market. that's all.
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Today, I want to talk about Bitcoin in Monthly Time Frame.
as you see, I used the Fibonacci channel. I remove other levels except 0 - 0.5 - 1 - 1.5 - 2
I want to introduce you to 0 as a low of the first channel. (Black Line)
I want to introduce you to 0.5 as a Midline of the first channel. (Red Line)
I want to introduce you 1 as a Top of the first channel. (Black Line)
and so on.
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I changed the candle stick to a line chart.
So let's go into details.
I drew by Fibonacci Channel and you see two red circles (as support zone) these circles are reactions to the Fibonacci channel, I expect the price to touch again the Fibonacci Channel around 22500 USD and if we lose this zone,10500-11500 USD will be the next support zone.
And the 3rd Support zone will be the Blue circle zone.
So, please watch the market, there is no money in the market. The situation is so complicated.
I believe that we are in a recession and the U.S. government could NOT talk about the Recession because of China some reasons.
I bet we will touch the second support zone around 10500-11500 USD and maybe we will touch 4300 USD.
Who Knows!!!
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
And Tell me do you agree with me or Not?
By the way, please draw this Fib Channel on your chart, and after that change the price from Line-chart to Candle-Stick.
You will see some amazing reactions. For example in Purple Circle 😜
Thank you so much in advance.
Wish you Health and Wealth.
Sincerely Yours
Ho3ein.mnD
