$BTC Currently, we've hit the price zone of 75600 as I analyzed for you guys on 18/5.
- Analysis on the H4 timeframe:
+ Zone 77440 - 78100: has been filled. Naturally, after filling, the price will head towards FVG or IFVG zones (support, resistance).
+ Zone 74940 - 95600: this is the support zone to catch the price. But below, there are still 2 FVG zones and 1 IFVG, and the nature of price action is to fill the gaps and grab liquidity at support and resistance zones (IFVG). Therefore, it's natural for the price to move lower.
+ Zone 73740: this is again a second support zone. This is typically where the LONG traders get liquidated.
+ Range 72210 - 72900: this is the FVG area, but what's notable here is that the level above 73740 is usually where the LONG guys set their STOPLOSS. So, there's a high chance we’ll see a red candlestick sweeping down to 72210 - 72900 (FVG) to grab all that liquidity. After that, we might see a bullish reversal, guys. Keep an eye on this part (it's important).
+ Another fact is that Fibonacci 0.318 aligns perfectly with the price range of 72210 - 72900.
==> SUMMARY: the likelihood of the price moving down to the range of 72210 - 72900 is quite high. So, you guys need to think carefully before entering a trade.
- Wishing you all a great day.
" ATTENTION " Don't go ALL IN with your entire portfolio on one Coin, whether your capital is small or large. ( ^ -^ )