Price is way over the Value area and should retrace down at least to the Value area high level and the 0.5 fib and possibly deeper to touch the POC level and the 0.786 -0.86 fib0 . then it should resume the up trend rally . pls refer to "BTCUSDT CONTRACTION PHASE" idea to see the 3 important downtrend trendlines.
watch out for the area with red arrows (they are called black holes )
GOOD LUCK
watch out for the area with red arrows (they are called black holes )
GOOD LUCK
Note
price still way over the Value area and should correct downTrade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.