BTCUSDT Pullback Analysis
Updated
BTCUSDT - Binance
Most likely the peak will breakout to around 5220-5200. The Fibonacci level from Breakout Point II to Peak C (0.236) with Fibonacci level from Breakout Point I to Peak C (0.618) at 5200. So it confirms the probable foot of the Peak C will be around 5200. Further testing the Breakout Points with Peaks A and B, I observed a pattern/series with coinciding with Fibonacci levels which allows me to confirm the next foot of the Peak C.
As BTC has shown golden cross, Btc is in uptrend flag rally so 5500 might be a new resistence level.
I believe before a uptrend or a downtrend it will touch around 5200 and then to 4950 if downtrend or 6000 mark if uptrend.
Targets
T1 - 5373
T2 - 5200
T3 - 4950
T - 6000 (If continue to uptrend due to 1. Golden Cross 2. Uptrend Flag)
Contact me - t.meGTCGoodTradeCalls
Most likely the peak will breakout to around 5220-5200. The Fibonacci level from Breakout Point II to Peak C (0.236) with Fibonacci level from Breakout Point I to Peak C (0.618) at 5200. So it confirms the probable foot of the Peak C will be around 5200. Further testing the Breakout Points with Peaks A and B, I observed a pattern/series with coinciding with Fibonacci levels which allows me to confirm the next foot of the Peak C.
As BTC has shown golden cross, Btc is in uptrend flag rally so 5500 might be a new resistence level.
I believe before a uptrend or a downtrend it will touch around 5200 and then to 4950 if downtrend or 6000 mark if uptrend.
Targets
T1 - 5373
T2 - 5200
T3 - 4950
T - 6000 (If continue to uptrend due to 1. Golden Cross 2. Uptrend Flag)
Contact me - t.meGTCGoodTradeCalls
Trade active
Target 1 - 5373 reached.Trade active
Target 2 - 5200 reached.
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