BTC trend lines and fib levels
#BTC/USDT
BTC trend lines and fibonacci levels.
price broke out from descending trend line, but faced another descending trend line that is the same with resistance zone between 0.5 and 0.6 fib levels of 4h swing down.
🐮 break out from this zone can increase price toward next descending trend line that is the same with 0.382 and 0.5 fib level of daily swing down around
23K and $24700.
🐻 rejection from current resistance can cause a pullback to broken line or drop price to 18k and even 16k
BTC trend lines and fibonacci levels.price broke out from descending trend line, but faced another descending trend line that is the same with resistance zone between 0.5 and 0.6 fib levels of 4h swing down.
🐮 break out from this zone can increase price toward next descending trend line that is the same with 0.382 and 0.5 fib level of daily swing down around
23K and $24700.🐻 rejection from current resistance can cause a pullback to broken line or drop price to 18k and even 16k
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