BTCUSDT - Minor/Major move (Short Idea)
A drop that is correlated to US market, btc now formed a Double Bottom.
My guess is that when the Double Bottom is formed I want to see the market bounce at 0.618, 0.5, or 0.382
And if it did ebounced, expect the price to hit the -0.272(41.8k), -0.618(41.3k) and -1(40.5k)
Make sure to have good look of the market when the price is near 41k, because for sure a major move of BTC could happen very soon, as the market targets the trendline support.
It will be tested soon.
Expect the market to make minor moves of breaking minor s/r's.
Thank you!
My guess is that when the Double Bottom is formed I want to see the market bounce at 0.618, 0.5, or 0.382
And if it did ebounced, expect the price to hit the -0.272(41.8k), -0.618(41.3k) and -1(40.5k)
Make sure to have good look of the market when the price is near 41k, because for sure a major move of BTC could happen very soon, as the market targets the trendline support.
It will be tested soon.
Expect the market to make minor moves of breaking minor s/r's.
Thank you!