saivarshith99

saivarshith99

What are your thoughts on this ..? In my opinion, we will reach 24718 USD(0.618 fib) and bounce back from there, if not, as we can see historically if BTC gets below 50 MA there will be a 50+% crash eventually (it happens 3 times) and 200 MA acted as the support

saivarshith99

Do we bounce from here and reach a 0.702 fib retracement level.......?, or do we see one last lower low .......?

saivarshith99

I think we will bounce back from here if not BTC might go down and retest the previous support

saivarshith99

# one-hour timeframe

saivarshith99

Do we continue in the downward trend...???

saivarshith99

Possible ways of BTC can go in my opinion. What are your thoughts on this ...??

saivarshith99

Where can we go...???

saivarshith99

Hi guys, I learned about the parallel channel and did an analysis on BTC, correct me if I'm wrong. Thank you #Disclaimer: this analysis is just for educational purposes