₿ Bitcoin Chose To Decline ₿

₿ Bitcoin Chose To Decline

₿ The post is a direct follow-up to my yesterday's post in which I wrote about the possibility of attacking the recent lows:

₿ As you can see, Bitcoin chose to move south which opened up an opportunity to attack the 0.786 level of the entire upward wave from the bottom to the current peak.

₿ The resistance zone is located around the fibo 0.5 level.

₿ Looking at the technical environment: MACD, RSI the fact that we are under the moving averages only confirms my downward scenario.

₿ The scenario I am playing out is a continuation of declines to the vicinity of the support zone, where I will be on the lookout for how the price will behave because I believe that within the next few weeks we are in a position to start a new upward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

₿ *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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