๐๐๐IMPORTANT UPDATE
๐๐AS WE ARE HEADING IN TO THIS WEEK
WHICH IS VERY IMPORTANT AND WILL BE ๐VOLATILE AS COMAPRED TO LAST WEEK
1. BTC CAN RETEST ITS UPPER CHANNEL RESISTANCE AND WE HAVE TO LOOK OUT, IF BREAK THE ATH THEN THERE IS NO RESISTANCE UPSIDE EXCEPT THE PSCHOLOGICAL RESISTANCE.
2. IF BTC REJECTED AT THE ATH AND CHANNEL RESISTANCE THEN WE CAN HOPE A RETEST OF SUPPORTS AND LIQUIDITY GRAB DOWNSIDE WITH FOLLOWING SCENARIOS
3. A RETEST TO 102000 AND DOWN WITH FIRST DEGREE RETRACEMENT, 95K TO 92K WITH SECOND DEGREE RETRACEMENT AND IF THE MARKET DECIDE TO PUNISH ALL THE SINS THEN WE CAN SEE FIB LEVELS OF THIRD DEGREE AT 84 TO 82K. I AM EXPECTING A MEDIUM RETEST.
4. THERE IS ALSO SOME CONFUSION IN CONFLUENCES NOW, THE RSI IS OVERBOUGHT AND SHOWS BEARISH DIVERGENCE, BUT WE HAVE WEEKLY MACD CROSSOVER ON HIGHEST TIME FRAME WHICH IS EXTREMELY BULLISH. SO I AM NOT PREDICTING ANY BIASED MOVE.
CURRENT SUPPORTS
102000
95000
RESISTANCE
106000
108900
