BTCUSDT Clear Rejection

Oct 4, 2023

BTCUSDT rejected from the 1D nPOC with confluence of the midpoint of the pitchfork and 1 : 1 of fib extention ending in WXYXZ pattern, marked blue. i expect price to retrace from 1 of the pitch fork with confluence of daily trendline support as retest with .618 fib of interim swing low - high

1.618 is the bull target no clear confluence found yet.

Oct 5, 2023

Note

If price doesn't manage to reclaim previous high, it can be ABC correction to 618

as price consolidate upwards with lowering volume.