BTC 4HR UPDATE! BREAK BELOW IMP FIB LEVEL!!
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Welcome to this BTC/USDT update. As you know Mr. Putin went mad and became a Hitler for this generation. I pray for the safety of all the people who are in a war situation. At this point of time, BTC price is more affected by war news rather than any technical analysis but that's doesn't mean you ignore the chart because charts tell you everything loud and clear.
Now let's get to the chart.
As you know after the news came that Putin alerts nuclear forces BTC's price starts dipping and came down from $39,800 to $37k level. In 4hr time frame, it is trading inside a bullish broadening wedge which is not broken out yet.
Also, according to Fib levels, BTC breaks below 0.618(golden pocket) level and currently retesting it. IMO after this retest, we see more dump and price might come to test the 0.786fib level which is at around $36k, and after testing this fib level we expect a good bounce.
If it breaks below $35k-$36k level then things become worst again.
Let's see what happens. Also, keep a close eye on war-related news because if Putin really starts nuclear war then no one has any idea what's going to happen.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC/USDT update. As you know Mr. Putin went mad and became a Hitler for this generation. I pray for the safety of all the people who are in a war situation. At this point of time, BTC price is more affected by war news rather than any technical analysis but that's doesn't mean you ignore the chart because charts tell you everything loud and clear.
Now let's get to the chart.
As you know after the news came that Putin alerts nuclear forces BTC's price starts dipping and came down from $39,800 to $37k level. In 4hr time frame, it is trading inside a bullish broadening wedge which is not broken out yet.
Also, according to Fib levels, BTC breaks below 0.618(golden pocket) level and currently retesting it. IMO after this retest, we see more dump and price might come to test the 0.786fib level which is at around $36k, and after testing this fib level we expect a good bounce.
If it breaks below $35k-$36k level then things become worst again.
Let's see what happens. Also, keep a close eye on war-related news because if Putin really starts nuclear war then no one has any idea what's going to happen.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
