Bahman999

Possibility of price correction

Kort
INDEX:BTCUSD   Bitcoin
Considering the decrease in the strength of the trend and the divergence that you see, it seems that we will have a maximum price correction up to the bottom of the yellow box. ($22,300 zone) If the $22,300-22,000 zone breaks, we will see the price fall to the support of 21,600 to 21,300. However, as long as the price is above the $19,700 range (ma200 in the daily time frame), all these losses will be price corrections and the direction of the trend is still positive.

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