BTC / USDTPERP analysis
15M time frame
In this time frame, after falling from the $ 39,800 level to the $ 38,500 support range with high momentum, the price has entered its correction phase and we expect the price to correct up to our 0.618 Fibonacci level, ie the $ 39,300 level. If the price crosses the 0.618 Fibonacci level , ie the $ 39,300 level with a valid candlestick, the uptrend scenario will be activated in this timeframe and we will expect the following target point:
TP1: 39500
TP2: 39900
TP3: 40100
And if the price returns from the level of 0.618 Fibonacci and crosses the support level of $ 39000, the bearish scenario will be activated in this time frame and we will expect the following target point:
TP1: 38800
TP2: 38500
TP3: 38100
good luck
DAAN
15M time frame
In this time frame, after falling from the $ 39,800 level to the $ 38,500 support range with high momentum, the price has entered its correction phase and we expect the price to correct up to our 0.618 Fibonacci level, ie the $ 39,300 level. If the price crosses the 0.618 Fibonacci level , ie the $ 39,300 level with a valid candlestick, the uptrend scenario will be activated in this timeframe and we will expect the following target point:
TP1: 39500
TP2: 39900
TP3: 40100
And if the price returns from the level of 0.618 Fibonacci and crosses the support level of $ 39000, the bearish scenario will be activated in this time frame and we will expect the following target point:
TP1: 38800
TP2: 38500
TP3: 38100
good luck
DAAN
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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.
Disclaimer
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.