BTCUSD bearish mode for correction 25/01/2023
1) Price rejection at Key Area of Confluence implies price correction and retracement
at expected Fib level of 61.80%.
2) Correction & retracement towards Fib level 61.80% as support to cool down before
resuming its expected bullish rally.
3) After rejection at support level 23770 the index is expected to continue its bullish run.
4) Bearish Diversion supports of cooling down and correction of index.
a) Chart Analysis suggests trade opportunity Short at current level with SL
at 23600 and TP at Fib level 61.80% at 203770.
b) After rejection at support level 23770 the index is expected to continue its
bullish run.
P.S. This is an educational assessment and guess work and not trade recommendation.
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at expected Fib level of 61.80%.
2) Correction & retracement towards Fib level 61.80% as support to cool down before
resuming its expected bullish rally.
3) After rejection at support level 23770 the index is expected to continue its bullish run.
4) Bearish Diversion supports of cooling down and correction of index.
a) Chart Analysis suggests trade opportunity Short at current level with SL
at 23600 and TP at Fib level 61.80% at 203770.
b) After rejection at support level 23770 the index is expected to continue its
bullish run.
P.S. This is an educational assessment and guess work and not trade recommendation.
Please Like, Subscribe and share for more Trend Analysis and Chart Assessments.
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