ATH Flip level for BTC using Fibonacci and confluence of important levels including structural support, Fibonacci and Monthly High, RSI
RSI : Oversold Zone
Scenario 1) BTC Flips from Fib 0.5 (54300)
Good consolidation and breakout
Target - 81056
Scenario 2) BTC Flips from Fib 0.618
Target - 78600
Further update upcoming
Thank You.
RSI : Oversold Zone
Scenario 1) BTC Flips from Fib 0.5 (54300)
Good consolidation and breakout
Target - 81056
Scenario 2) BTC Flips from Fib 0.618
Target - 78600
Further update upcoming
Thank You.
Comentarios:
As we can see, we did not get any closing above our confirmation level, therefore there was no reason to go long and get trapped unnecessarily.