Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.

Today I want talk with you about BTC chart.

This is my small update for situation with bitcoin to my previous idea, the fall of bitcoin is briefly delayed.

For current moment we saw a bitcoin’s fall to 38500 and current pullback to 42000 USD.

I think target at 37000 is still, nothing changing.

But now btc can show more pullback and max point can be around level 43000 USD, then down.

Current resistance zone is 42500-43500 and in this are we can see 0.5 Fibonacci correction.

And middle line of channel which in current situation is acts as a resistance.

So I have 2 options: in first btc will starts fall from current moment because we already see impulse down from 42k to 41k

And second option is with local high around 43000 USD and then fall to 37000 USD.

I still adhere to the idea of bitcoin fall at least to the 37000 zone.

So, I’m waiting for this scenario.

This is my opinion, I really hope this will be useful for you.

Be ready and take care your money. Have a great profit !