end of btc correction? 
2024-12-22
Category: None

in 1hr and 4hr time frames we can see a clear downtrend.
we can now see the speed of our downtrend (in 1hr &4hr timeframe) has now has decreased with infiltrating the orange trendline or even ended we don"t have the confirmtion  yet  i"m bullish on the market but we can still see more dumps.                                                                 actually we have handful reasons to dump even more but on the other hand we have handful reasons to pump its up to you to choose what you want to see as technical analysis is subjective you see what you want to see doesn"t matter if its right or wrong yeah what im trynig to say is don"t take side in any market.                                                                                                           as you can see we have a bullish standard divergence in 1hr timeframe if the scenario is bullish for  BINANCE:BTCUSDT  we can expect to btc to make a low and then brake the high its has made (blue line) if its bearish we should wait for the green line to be broken note that( if you want to open a short be very careful its the prebrakeout line you should take momentum and other things like rsi into account )   last thing i want to note is the we have reacted to 0.618 fib level i wish good luck for everyone these days with love ❤️