BTC IDEA FOR TODAY - 16.07.2022
Sorry for being late, i have an important work to do. Soo last mine predcitions went good. Today i am preddicting a try of touching the liquidation zone for shorts and then retest the lower supports (KEY SUPPORT).
Reasons for it:
-market is on correction from last drop. after correction often prices go in trend like before the enter of correction soo now ( bear trend).
-Yesterday the price went down from Fibbonaci 0,618 area wchich is strong soo probably today BTC can make fake breakout of this zone grab some liquidity and go down.
- also on 4h chart we are in bear flag
Reasons for it:
-market is on correction from last drop. after correction often prices go in trend like before the enter of correction soo now ( bear trend).
-Yesterday the price went down from Fibbonaci 0,618 area wchich is strong soo probably today BTC can make fake breakout of this zone grab some liquidity and go down.
- also on 4h chart we are in bear flag
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.