BTCUSDT is making Lower low after all time High previous week. If we compare the correction to the September correction where BTCUSD pump from 30k to 52k and make correction to the fib level of 0.5 mark in chart.Also note the MA where in previous month correction break bellow 21Ma and and try to break it but dump again to 120 MA. It completed it A,B,C correction nicely. where it continue it upward momentum after breaking the flag trendline.
We can see the same thing is happing right now where it BTCUSD break 21MA and going downward, BTC may pump to 21MA to complete B wave of correction. It can drop again to 120MA and also to 0.5 Fibonacci level, where the c wave will be completed. Also note the long term channel is forming nicely and will work as strong support.
But if the long term channel is broken, we may see more dump in BTC.
Conclusion: Right now is the time for wait not rushing it let the pattern fold itself and enter...
註釋
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