2 entries scenarios on daily time frame after ALTs correction based on previous analysis 1 based on FVG and .38 fibb 2 according strong supports area and fibb .61
USDT.D Daily time frame shows possible of market reversal which indicat the dominance will continue the up-trend until reach the first main supports zone.
Total to seems to start forming down trend after fail to break big resistance. High potentials to continue falling down until drops to first major support area (green line)
After breakout 49400, BTC chart shows new market formation by growing up to 73777 then obviously start the correction journey. - Scenario 1 BTC shows good rejection on Fibb 0.50 support zone after market correction, positional of rebound from this point which indicate that the correction is over. (high possibility). - Scenario 2 If BTC fails to continue...
Total 2 will increase 10%, to reach out previous major (2) resistances, then rebound to previous major support which also confirmed by Fib: .05 on weekly time frame.
CONFIRM MARKET CORRECTION liquidity correction will take place according to Fib 0.382 and fib -0.382 and according to previous support and resistance area.
Potinitional of cup and handle pattern to be formed. break the resistance zone, next target 1950 This not trading advice, only idea to share.
Potential pullback to .61 fib level Pin bar candelstick shows price rejection by sellers.
I would say the price needs to touh the .061 (0.32242) Fibo level before rise up again. but go so slow now.
this blue line is the 0.61 Fibo level from binance chart (longer chart publish before Trading view) this good support zone on 4 hours chart
possibility for two options: 1- break fibo level 61 continue to .92 2- rebound from fibo level 38