BTC/USDT - Continuation of a trend or correction? BITCOIN
Hello everyone, analyzed the BTC/USDT pair
Judging by the fact that there are no strong sales and the last ATH level is trading. You can see how buyers want to push the price higher. I slightly adapted the markup, after a small sideways flat - I think that the price will make an upward move. Cancellation of this scenario - price drift under the red area of $ 52-51 thous.
Why is it prone to growth?
to be honest, I would like to see a small correction for further growth of 70k.
Making an overview of the withdrawal or entry of large wallets, I dare to assume that great players accumulate positions on their wallets and withdraw bitcoin for cold storage, when other traders do everything for a turn.
Also worth noting is the level of the previous ATH. If the price is left above this level ($58150) for 3 trading days, it is definitely worth looking at long positions.
If not, then it is better to look for the levels of the purchase zone for yourself.
The indicators and the fixed rate are still positive for growth, although they have increased slightly. The market has weakened a little, but this does not prevent the price from pushing up.
Here I indicate only my actions and entry points to a particular position.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Subscribe to my free and open channel. There are no premium and VIP groups here - only free communicatio
link in the description
Judging by the fact that there are no strong sales and the last ATH level is trading. You can see how buyers want to push the price higher. I slightly adapted the markup, after a small sideways flat - I think that the price will make an upward move. Cancellation of this scenario - price drift under the red area of $ 52-51 thous.
Why is it prone to growth?
to be honest, I would like to see a small correction for further growth of 70k.
Making an overview of the withdrawal or entry of large wallets, I dare to assume that great players accumulate positions on their wallets and withdraw bitcoin for cold storage, when other traders do everything for a turn.
Also worth noting is the level of the previous ATH. If the price is left above this level ($58150) for 3 trading days, it is definitely worth looking at long positions.
If not, then it is better to look for the levels of the purchase zone for yourself.
The indicators and the fixed rate are still positive for growth, although they have increased slightly. The market has weakened a little, but this does not prevent the price from pushing up.
Here I indicate only my actions and entry points to a particular position.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Subscribe to my free and open channel. There are no premium and VIP groups here - only free communicatio
link in the description
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