Global Analysis - where the bitcoin price will go. BTC/USDT
Updated
Hello dear friends.
I have tried to explain each point on the chart. I think you will wash my analysis, and make the right decision for yourself in the position.
Look - the decisive zone now is the level 33800-34400. Since this is a zone:
The first is corrections from the "W-bottom" pattern
The second is the range of work of strong players.
Thirdly, if today, at one of any trading sessions, regardless of whether Asian, European, or American, the price remains above this level. Certainly - long position before the top update 38800-40000. Also, on the graph, I described to you the levels at which the big players work - these are green and red rectangles. It is by these values that a large player is working now - the larger the rectangle, the stronger it is.
-The 4th stage is EMA 157, which currently serves as resistance, going beyond it will push the price up.
The 5th point is that this range will be decisive even in the case that if the price remains above this level, then it covers all this fall - which lasted several days, and indicates to me such a structure - as an impulse - correction (which is now) and upward momentum.
Frequently, the second impulse happens much more strongly than the first, so be prepared for the fact that such a course of events can be seen in the next few days. Especially on the weekend.
We have a global support line - if there is a true exit for it - the bitcoin missile cannot be stopped until $ 50,000-60,000
now about the second outcome.
If the price is closed below this level 33800-34400, it will be driven to levels (white rectangles) and each of them will be tested - or it will be closed with an impulse and with the same impulse will lead down to 28800-27500-26000.
What position I will enter, I will inform all those who trade with me in private trading ideas, the result of which, I will show after reaching the target.
Don't rush to make decisions. Volatility at such levels can reach 2000 points and trading can take place for several hours - "2-4-6".
Wait for a confirming pattern, volume, as well as the use of any indicators that tell you to choose a position.
Please - observe risk management and money management - trade with stop loss. Set Take Profits and be flexible in trading.
Profitable trading, everyone, and have a nice day. I hope you enjoyed my analysis and you support it with like.
I have tried to explain each point on the chart. I think you will wash my analysis, and make the right decision for yourself in the position.
Look - the decisive zone now is the level 33800-34400. Since this is a zone:
The first is corrections from the "W-bottom" pattern
The second is the range of work of strong players.
Thirdly, if today, at one of any trading sessions, regardless of whether Asian, European, or American, the price remains above this level. Certainly - long position before the top update 38800-40000. Also, on the graph, I described to you the levels at which the big players work - these are green and red rectangles. It is by these values that a large player is working now - the larger the rectangle, the stronger it is.
-The 4th stage is EMA 157, which currently serves as resistance, going beyond it will push the price up.
The 5th point is that this range will be decisive even in the case that if the price remains above this level, then it covers all this fall - which lasted several days, and indicates to me such a structure - as an impulse - correction (which is now) and upward momentum.
Frequently, the second impulse happens much more strongly than the first, so be prepared for the fact that such a course of events can be seen in the next few days. Especially on the weekend.
We have a global support line - if there is a true exit for it - the bitcoin missile cannot be stopped until $ 50,000-60,000
now about the second outcome.
If the price is closed below this level 33800-34400, it will be driven to levels (white rectangles) and each of them will be tested - or it will be closed with an impulse and with the same impulse will lead down to 28800-27500-26000.
What position I will enter, I will inform all those who trade with me in private trading ideas, the result of which, I will show after reaching the target.
Don't rush to make decisions. Volatility at such levels can reach 2000 points and trading can take place for several hours - "2-4-6".
Wait for a confirming pattern, volume, as well as the use of any indicators that tell you to choose a position.
Please - observe risk management and money management - trade with stop loss. Set Take Profits and be flexible in trading.
Profitable trading, everyone, and have a nice day. I hope you enjoyed my analysis and you support it with like.
Note
In less than an hour, the first target was reached.
Note
☝️☝️☝️☝️☝️☝️☝️2 Targets - taken again - 1300pips/$ in our wallet ✅✅
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.