BTC/USD in Range. What will be next move?
Hello traders and community, today we will tell ourselves shortly about the situation of BTC/USDT
Trend analysis
- As you can see from the BTC/USDT daily chart, the current price is near $36 000 and we are between two zones (support - green, resistance - red), which tells us about range movement. That's why there is not enough good opportunities to trade right now. I recommend to wait for confirmation before put our positions.
Trade positions
- If price will break resistance zone: buy position - 43000, take profit - 52700, stop loss - 40000
- If price will break support zone: buy position - 30900, take profit - 21800, stop loss - 34300
Chart pattern
- Range Pattern (processing)
Technical indicators
- RSI: Neutral signal
- MACD: Bearish signal
- BB: Neutral signal
- MA (10,20): Neutral signal
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Trend analysis
- As you can see from the BTC/USDT daily chart, the current price is near $36 000 and we are between two zones (support - green, resistance - red), which tells us about range movement. That's why there is not enough good opportunities to trade right now. I recommend to wait for confirmation before put our positions.
Trade positions
- If price will break resistance zone: buy position - 43000, take profit - 52700, stop loss - 40000
- If price will break support zone: buy position - 30900, take profit - 21800, stop loss - 34300
Chart pattern
- Range Pattern (processing)
Technical indicators
- RSI: Neutral signal
- MACD: Bearish signal
- BB: Neutral signal
- MA (10,20): Neutral signal
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
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.