BTC/USDT Retested $68,000 as We Predicted. What's Next?
On my previous analysis, I mentioned that $64,000 is a good bid and that the price action was not expected to go much lower. Now, BTC is retesting $68,000 again. What should we expect? There are two likely scenarios that I can provide:
- BTC price action trails and bounces every time the price touches the 7-, 13-, and 21-EMA on the 4-hour timeframe for the next two days.
- After the daily candle changes today, retesting $68,000 but not making a new high, there's a possible scenario where the price moves upward and makes a wick around $68,000 before going down, creating a rejection.
I would say the first scenario, where BTC/USDT trails and bounces every time the price touches dynamic support, is more likely to happen. There might even be a little hope for the price to end up closing green for the weekly candle change.
MY PREVIOUS ANALYSIS:
https://www.tradingview.com/chart/BTCUSDT/lSsG05jq-BTC-USDT-Is-Now-the-Time-to-Bid/
https://www.tradingview.com/chart/BTCUSDT/K7yKTy2c-BTC-USDT-is-Playing-Out-Nicely-What-s-Next/
- BTC price action trails and bounces every time the price touches the 7-, 13-, and 21-EMA on the 4-hour timeframe for the next two days.
- After the daily candle changes today, retesting $68,000 but not making a new high, there's a possible scenario where the price moves upward and makes a wick around $68,000 before going down, creating a rejection.
I would say the first scenario, where BTC/USDT trails and bounces every time the price touches dynamic support, is more likely to happen. There might even be a little hope for the price to end up closing green for the weekly candle change.
MY PREVIOUS ANALYSIS:
https://www.tradingview.com/chart/BTCUSDT/lSsG05jq-BTC-USDT-Is-Now-the-Time-to-Bid/
https://www.tradingview.com/chart/BTCUSDT/K7yKTy2c-BTC-USDT-is-Playing-Out-Nicely-What-s-Next/
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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.
Join my VIP group: t.me/CryptoOverseerX Special price for the first 10 members. Money-back guarantee if no profit in 3 months! For more, visit overseer-x.com/. Free group: t.me/CryptoOverseerXFree
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.