BTCUSD daily chart is getting weaker and we had breakout .

As we can see we had breakout of trendline(green trendline on chart) like previous time and what is expected after these breakouts is correction ahead and falling

daily support and daily strong support zones shown on chart with green rectangle that are nice targets for this short scenario so
Targets :
A.51K
B.45K(first target is enough to start uptrend once again but we should consider this second target too)
Green path: if and if price break pervious all time high once again here based on Fibonacci level we would expect new all time high like A.66K B.70K as we can see on chart and previous analysis that we shared .

Notice :maybe that Elliott 5th wave need to update after reaching new all time high cause the gain on 5th wave is small amount 😁

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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評論:

for short term trader all important support and resistance zone shown with lines on this analysis :