What is on the higher timeframes?!
Finally, we got our correction on bitcoin!!!✅
Let’s look on the chart from the higher perspective with respect to Fan resistance levels pattern🪭
Bitcoin already started new uptrend more than 1 year ago and now we can look at this fan pattern correctly 👀
Now we are sitting at the 0.75 level of the span pattern. We can go even lower straight to the next support level at around ~$37500 and 0.618 level of our span pattern📉
I have already bought first part of bitcoin at $41k and prepared to buy more at $37.5k💰
Another scenario is associated with side movement and re-accumulation. Based on that we can slowly move inside this channel without significant decrease. In this case it’s better to wait for confirmation of re-accumulation and then start to buy more😎
I believe, we will see on of these key scenarios. So let’s be prepared 🤔
What do you think will happen next? What do you expect from bitcoin? Please share your thoughts in the comments below 👇🏻
