According to Fibonacci, the previous wave had corrected up to 0.78.. If this wave is similar to this one, the specified area of the current wave will be reversed, with the interpretation that it is moving inside a channel. Technically, the opportunity to sell up to If you do not reach the desired limit, the sale is much more risky
Bitcoin has reached a very important area where price correction can be expected. Due to the low liquidity of the market, a downward correction is more expected.
There is a possibility of returning to the resistance area and then moving towards the target. However, since the positional area is well broken, there is no possibility of a pullback and the price will grow directly towards the desired target.
The failure of the long-term trend line and the pullback to it, the failure of the support area and the pullback to it, and the continuation of the fall are some important reasons for the fall trend, which can be seen in the chart.
The reaction of gold to the downward trend line..if you have traded based on this simple strategy, you have made a lot of profits during the week.
trend line
resistant
order block
area supply
and.....
