BTCUSDT Clear Rejection

4 באוק׳ 2023

BTCUSDT rejected from the 1D nPOC with confluence of the midpoint of the pitchfork and 1 : 1 of fib extention ending in WXYXZ pattern, marked blue. i expect price to retrace from 1 of the pitch fork with confluence of daily trendline support as retest with .618 fib of interim swing low - high

1.618 is the bull target no clear confluence found yet.

5 באוק׳ 2023

הערה

If price doesn't manage to reclaim previous high, it can be ABC correction to 618

as price consolidate upwards with lowering volume.