BTCUSD is moving in a range between 104K- 107K approximately. It is well above bull market support band and could get some correction before another rally.
BTCUSD Longs on a weekly time frame are going down which means that chances of BTCUSDT going up are good. Currently BTCUSD Longs are on a support level and I'd wait till it breaks the level of 46372.
USDT.D is overall in a bearish trend but retracing a little bit. A bullish divergence was formed but later a hidden bearish divergence also formed. So now we should wait till it confirms its bearish trend again.
BTCUSD once it gets a little bit of further correction by looking at BTCUSD Longs and USDT.D charts analysis, and retraces to a fib level of 0.5 at 102615, I would enter in a long position with half of the risk and once it retraces back to 0.618 at 100452, I would enter in a long position with rest of the half for DCA.
Initial target levels would be based on trend based fib-extension levels of 0.786 at 119049.
BTCUSD Longs on a weekly time frame are going down which means that chances of BTCUSDT going up are good. Currently BTCUSD Longs are on a support level and I'd wait till it breaks the level of 46372.
USDT.D is overall in a bearish trend but retracing a little bit. A bullish divergence was formed but later a hidden bearish divergence also formed. So now we should wait till it confirms its bearish trend again.
BTCUSD once it gets a little bit of further correction by looking at BTCUSD Longs and USDT.D charts analysis, and retraces to a fib level of 0.5 at 102615, I would enter in a long position with half of the risk and once it retraces back to 0.618 at 100452, I would enter in a long position with rest of the half for DCA.
Initial target levels would be based on trend based fib-extension levels of 0.786 at 119049.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.