BTCUSD heavy fall is ahead from fiboancci resistance zones

the fall and correction already started and the reasons mentioned in previous analysis a lot (like 0.5% of Fibonacci retracement level)

now we have three possible scenarios that all are Bearish:

First: continuation of fall from this area and reaching targets like 42K--40K

Second: again price start to show some strength then we consider right shoulder for this rise and creation of Head & Shoulder and then again deep fall.

Third: if and only if the price was strong enough to break 0.5% of Fibonacci level then 0.61% as the main resistance zone will dump price.

DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>

Yorum:

previous daily chart and some reasons that price need rest:

İşlem aktif:

Price just reach right shoulder (Red path): price now is 47000

and this is the first resistance zone touched.

what is next ?