Analysis of BTC/USDT/PERPETUAL/BINANCE
15m time frame
In this time frame, after hitting the 0.886 Fibonacci level, the price has entered the impulsive phase and the price has undergone a Sharpie movement with high momentum.
As you can see in the picture, the price has a geometric pattern:
HEAD AND SHOULDER
is, this pattern reverses the trend.
If the price crosses the neck line of this pattern, we will wait for price correction with a valid candle.
Available support areas: 1.272 Fibonacci level and 1.13 Fibonacci level
$17,019 and $16,905
GOOD LUCK
15m time frame
In this time frame, after hitting the 0.886 Fibonacci level, the price has entered the impulsive phase and the price has undergone a Sharpie movement with high momentum.
As you can see in the picture, the price has a geometric pattern:
HEAD AND SHOULDER
is, this pattern reverses the trend.
If the price crosses the neck line of this pattern, we will wait for price correction with a valid candle.
Available support areas: 1.272 Fibonacci level and 1.13 Fibonacci level
$17,019 and $16,905
GOOD LUCK