BTCUSDT By HesamUNT

30 Nis

hey traders
as u can see, BTC couldnt stablize above the 0.786 fib ext lvl and rejected to the Daily Support area


also BTC formed a descending triangle in 2H TF


and still playing in the bearish parallel channel


we can expect a break down to the Lower Demand zone which confirmed by all-time Fib ext golden Ratio 0.618
if it happen and we go back to the golden Ratio, we can expect another buy pressure. in this case, Bullish H&S will b very Likely for the next moves


also this area confirmed by bullish Harmonic pattern


so . . .

1- All-time Fib ext 0.618
2- All-time dynamic lvl
3- 4H Demand Zone
4- Potential Bullish Harmonic Pattern
5- Potential Bullish H&S Pattern
6- Break out the Bearish parallel channel
all of this strategies make this lvl strong enough for entry

if we go back to the golden ratio and it works as a support area, we can expect another AB CD in higher TF same as the chart


what u think about BTC ?
Share ur chart n leave a comment

6 May

Not

6 May

Not

8 May

Not

8 May

Not

9 May

Not

15 May

Not

15 May

Not

20 May

Not

20 May

Not

21 May

Not

21 May

Not

21 May

Not

24 May

Not

27 May

Not

20 Tem

Not

still working as a support area in daily TF