BTC/USDT ACCCUMLATION PHASE
1. BTC likely in accumulation phase, forming a symetrical triangle.
2. Candlestick become more tight in triangle with volume is decreasing, that shows the volatility also decreasing.
3. BTC need to push higher to break the descending trendline to move higher and create another higher high.
4. As long BTC is trading inside the box, we can can use range trading using Stochastic indicator, buy when oversold and sell when it shows overbought signal.
5. Oscillator indicator (Stochastic RSI) shows that there is bearish divergence, that shows maybe there will be slightly correction more.
6. Wait for buy signal using Top Scalping Indicator with Trend.
Support: 43370
Resistance: 52920
2. Candlestick become more tight in triangle with volume is decreasing, that shows the volatility also decreasing.
3. BTC need to push higher to break the descending trendline to move higher and create another higher high.
4. As long BTC is trading inside the box, we can can use range trading using Stochastic indicator, buy when oversold and sell when it shows overbought signal.
5. Oscillator indicator (Stochastic RSI) shows that there is bearish divergence, that shows maybe there will be slightly correction more.
6. Wait for buy signal using Top Scalping Indicator with Trend.
Support: 43370
Resistance: 52920
If you are satisfied and interested in VIP membership of script, you contact me on Telegram: t.me/trading_exp
We always serve the Best..!
Happy Trading
We always serve the Best..!
Happy Trading
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.