Fibonacci resistances are very strong and the probability of falling is high
We have strong support of Price and Fibo in the daily time and the bottom of the channel, and we have the ascent after the fall.
Bitcoin has reached its channel ceiling and the bit correction wave has reached 88, which converges with the channel ceiling and increases the probability of a fall.
Due to the compression of the triangle on a daily basis and the failure of the channel and the pullback of it, we expect the failure of the fibo channel and the collapse to the bottom of the compression.
There is a strong resistance above and a small drop to its trend after that we have to see if it breaks the trend or not.
This type of analysis is very long-term for gold and can be a downtrend in general, because we enter the correction when the trend is broken, and with small declines, gold will reach the main trend.
In the daily time frame, due to the collision of the Fibonacci resistance and the channel ceiling, we actually predict the fall.
Due to the fact that you suffer from daily movement in 4 hours, due to the failure and pullback, we have to support it again, and then move to the daily ceiling.
Due to holding 1.618 waves per bit back to the top of the channel and almost mid-channel in a time of 1 hour due to trading suffering, we are currently moving to the main ceiling and floor, and we must choose one of these two floor ceilings down or up Be broken so that we can predict the rise and fall
Due to the loss of 618 weeks and the daily Mead Channel, this currency is expected to fall again, and we determined the target based on Fibo.
Due to the breaking of the 4-hour trend, we expect a drop to mid-fibochanel daily
Due to the downtrend and the 88 Fibon correction wave, the probability of falling in that area is high
Return from the floor of your important support and forward to the ceiling
After static failure due to strong resistance is likely to fall
In daily time, due to the strong resistance in fibos and statics, we expect more failures and then fall to mid.