BTC on daily time frame
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 the trend line above Fibb 0.5, there is a potential of drop down for second major support (Fibb 0.61)
in both scenarios, BTC will reach out 3 major resistant (R1, R2 and R3)
- 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 the trend line above Fibb 0.5, there is a potential of drop down for second major support (Fibb 0.61)
in both scenarios, BTC will reach out 3 major resistant (R1, R2 and R3)
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