The Candle closed last week after reaching the $ 50,000 channel, which could be another sign of correction.
The Tenkan sen line is flat, which can be considered as another sign to end the uptrend.
The peaks of are descending, which is another sign of the beginning of a correction in the market
In the Williams Indicator, we have reached the buying saturation zone, which will be another sign of market correction, Which can be expected to go down the -40 line
In the time frame of 4 hours, with each ascending wave, we saw that wave shorter than the previous wave until the indicator gave a negative divergence.
Also, by drawing a corrective Fibonacci, if a correction occurs, the price can drop to 0.5 Fibonacci, which ranges from $ 40 ,000 to $ 41,000.
It seems that Kijun sen will soon lose support and the Candle will move to Tenkan sen .
In that area, we see very credible support points, such as:
District 0.5 Fibonacci
The general trend is still , and if the above scenario happens, we will only see a correction in the market, not a FALL.
These are all hypotheses and should not be your criteria for doing business
At any moment, the market may be pumped with great news or it may lose all its support with bad news
Deal with your own strategy