This is a full video explanation of my previous post. #BTC has encountered substantial resistance at both weekly and monthly (1W/1M) timeframes.
The 4-hour (4H) chart reveals sideways price action and a formation of a lower high, indicating potential bearish pressure. Expect a retracement targeting the 61.8% - 78.6% Fibonacci zone, derived from a significant...
BTC yesteday hit our fib level where we mentioned (0.618) and now its slowly pulling back up for more consolidation.possible retest points explained.
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BTC first move of the month was dumpage to 28.6 where we wanted to initially long.candles looking weak and we might go lower. this area is THE AREA for btc to hold n pump. If not the rally is over
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BTC crumbling to go higher than 31K,One reason could be because there is not much buyers left.So price needs to go lower.Overall still wating for 32K, but maybe we go a bit lower before that.
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This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
1 Hour Time Frame
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- We have Hit every target of my previous ideas with extremely high accuracy
Possible head and shoulders forming.
- If this is the case expect a further downtrend to R1 followed by R2!
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