BTC/USDT
With a loss of $ 34,000, the reversal was confirmed in the short term
By re-examining the chart in 4-hour timeframe, the correction structure after the recent price tightening can be imagined in this way.
Accordingly, the end of the main correction wave is about $ 33,000 in the initial downtrend and is currently completing correction microwaves in lower timeframes.
With the formation of this pattern, we will see a change in the correction structure in the 12-hour and daily timeframes, considering this scenario, the price of Bitcoin can move towards the specified goals within the next week and re-enter another combined correction.
Considering all the views offered to prolong the correction process, whether in the form of pattern formation in high timeframes and channeling the price or to form a positive correction microwave in high timeframes, in principle, the price should be at least once. Grow in the range of $ 45,000- $ 47,000
In the opposite case, with the loss of the floor trend, which is around $ 30,000, we will see the price fall to $ 24,500, which at the moment, considering the above, it seems a little unlikely that this scenario will happen.
Due to the activation of the market loss, before the fall in the range of $ 53,000 and the refusal to provide a signal during this period, as well as the positive average of the portfolio provided by the Cryptoclub Academy, in the current situation, there is no risk to the assets of loved ones. We will wait for the uptrend again
Analysis in different timeframes will be provided soon
With a loss of $ 34,000, the reversal was confirmed in the short term
By re-examining the chart in 4-hour timeframe, the correction structure after the recent price tightening can be imagined in this way.
Accordingly, the end of the main correction wave is about $ 33,000 in the initial downtrend and is currently completing correction microwaves in lower timeframes.
With the formation of this pattern, we will see a change in the correction structure in the 12-hour and daily timeframes, considering this scenario, the price of Bitcoin can move towards the specified goals within the next week and re-enter another combined correction.
Considering all the views offered to prolong the correction process, whether in the form of pattern formation in high timeframes and channeling the price or to form a positive correction microwave in high timeframes, in principle, the price should be at least once. Grow in the range of $ 45,000- $ 47,000
In the opposite case, with the loss of the floor trend, which is around $ 30,000, we will see the price fall to $ 24,500, which at the moment, considering the above, it seems a little unlikely that this scenario will happen.
Due to the activation of the market loss, before the fall in the range of $ 53,000 and the refusal to provide a signal during this period, as well as the positive average of the portfolio provided by the Cryptoclub Academy, in the current situation, there is no risk to the assets of loved ones. We will wait for the uptrend again
Analysis in different timeframes will be provided soon
Trade active
As expected, we saw the price fall again to a certain extentIt should be noted that the fluctuations of the past few days have been in the direction of analysis and as long as the price is above the range of $ 33,600, the validity of the analysis remains.
In case of any changes, the chart will be updated again
Trade closed: target reached
According to the previous analysis, after reacting to the trend drawn in the chart, the price returned upwards and reacted to the specified resistance limits.
By checking the chart in 4-hour timeframe and also checking the time of the chart, if the price stabilizes below the resistance within the next 24 hours, the price will be corrected again to gain the necessary ability to cross this range.
It is predicted that if this correction starts, the initial wave will be sharp, but then we will see a short-term side trend of 7 to 10 days.
The limit that can be considered for the end of this correction wave is in the range of $ 35,000 to $ 37,000, and due to the sensitivity of the current range and the prevailing psychological atmosphere in the market, which has been affected by an erosive and tedious trend in recent weeks Consider
As long as the price is above $ 34,000, the short-term trend to reach the targets in the chart will be bullish.
If the resistance range is broken, the chart will be updated again without completing the predicted correction wave
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.