Last leg BTC/USDT
1. Decreasing volume
2. Considering weakness of buyers, I expect a slight correction to the area of 47000-48000.
3. According to Fibonacci levels, i expect a sharp rise to 57000 (0.786 Fib level)
4. Also in the area of 0.786 Fib we see huge accomulation of large limit orders, which will become a serious resistance for the price.
5. Breakout of 0.786 Fibonacci level is possible with strongly positive fundamental background.
2. Considering weakness of buyers, I expect a slight correction to the area of 47000-48000.
3. According to Fibonacci levels, i expect a sharp rise to 57000 (0.786 Fib level)
4. Also in the area of 0.786 Fib we see huge accomulation of large limit orders, which will become a serious resistance for the price.
5. Breakout of 0.786 Fibonacci level is possible with strongly positive fundamental background.
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