191021 BTCUSD analysis. "Possibility of rebound"

Hello, my friends. It's Cryptoranger K.

I still expect the BTC to fall in the medium to long term. Nevertheless, the question remains as if it really falls like this without a rebound?

First, on the 1day chart, the BTC candle was sideways in a certain box. And this trend seems to be changing the 20-day line from the downside to the upside.

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(BTC 2day chart)

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If you look at the BTC 2-day chart, the MACD has just created Golden Cross. Under normal conditions, I think it's right that the BTC will show a moderate rebound sooner or later.

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(BTC 1week chart)

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BTC 1 week chart. This week the candle started on the 5day line. The MACD histogram also seems to be turning from a downside to an upside. Changes in the MACD histogram usually occur before changes in the stochastic. If the 1week MACD histogram doesn't go down again until next week, I think it's up in the short term.

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"But"

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(BTC 2week chart)

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If you look at the BTC two week chart, you can see that the MACD of has just created a dead cross. Given this, it is expected that the rebound will not be large even if BTC rebounds this time. I expect the end of the rebound to be near $ 8700 and I think the BTC price could go up to near $ 9300 if the buying power is strong.

I still see the BTC just starting to fall. I just need a rebound in the fall. If this happens, I'm thinking of taking a short position in margin trading. Short's goal is to the point where the 3-week chart MACD finishes falling.

Today's analysis is up to here.
I do not think the BTC is a place to rise.
I hope this week will be everyone who protects assets.
I hope you have a lot of fun today.
Thank you.

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Crypto_Ranger_K

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Crypto_Ranger_K

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