Possible fake move to the uptrend liquidation trapping the bulls followed by the fall down in price.
Two leading indicators shows the possible top levels to pay attention along with a potential support level to watch.
1- price action is getting close to the 4.236 Fib Circle showing the possible rejection in price when is near each Fib Levels such as: 1.618, 3.618 and now is at 4.236 (Orange Circle)
2- Two Fib Channels combined shows the possible downtrend in price in the following months forming a downtrend channel between 1.618 Previously showed and the actual 0.786 Fib Channel creating a slide in price and finally...
3- if you add in your chart 200 MA You will notice that the support level to pay attention will be 25K
4- By the time price crosses the orange circle finding support levels, price could begin the uptrend with some variables
Remember. the Next Bitcoin Halving is around the corner and could experiencing a couple hiccups before starting.
In my own perspective, top price could be reach around 48600 if price goes up then will drop, or falling price might happen before.
NFA
PLEASE, DYOR/MYOD!!
Hope to See your Likes 👍 to Support My Work
To Follow All My Ideas, Go to My Profile and Select the Follow Green button 😁
Please Re-Examine Before Make Your Last Decisions
Check my Profile for more.
Two leading indicators shows the possible top levels to pay attention along with a potential support level to watch.
1- price action is getting close to the 4.236 Fib Circle showing the possible rejection in price when is near each Fib Levels such as: 1.618, 3.618 and now is at 4.236 (Orange Circle)
2- Two Fib Channels combined shows the possible downtrend in price in the following months forming a downtrend channel between 1.618 Previously showed and the actual 0.786 Fib Channel creating a slide in price and finally...
3- if you add in your chart 200 MA You will notice that the support level to pay attention will be 25K
4- By the time price crosses the orange circle finding support levels, price could begin the uptrend with some variables
Remember. the Next Bitcoin Halving is around the corner and could experiencing a couple hiccups before starting.
In my own perspective, top price could be reach around 48600 if price goes up then will drop, or falling price might happen before.
NFA
PLEASE, DYOR/MYOD!!
Hope to See your Likes 👍 to Support My Work
To Follow All My Ideas, Go to My Profile and Select the Follow Green button 😁
Please Re-Examine Before Make Your Last Decisions
Check my Profile for more.