Mehrdad_javani
btcusdtperpHello my friends
You can be aware of my latest analysis by liking and following
As you know, in my previous analysis, I predicted that the price will reach this level
Now we have to wait to see the reaction to this level
In my opinion, it will probably break through to a higher level, but we will not make predictions, as this is an important principle in trader psychology.
We check the possibilities and implement the most likely
btcusdtperpHello friends, as you can see in the chart and you know, we are now in the Christmas holidays and this holiday every year causes a low volume of digital currency transactions.
So the best thing is to rest and have fun...
Because the market does not follow a specific direction
In general, the market is not in a good mood due to the decisions of the Federal Reserve and this decline will continue until the middle of 2023
btcusdtperpHello dear traders
I guess that due to the respect of the price to the upper line of the triangle that I drew a few days ago, we will have a cash collection from the top and then from the bottom, after which the main movement will begin.
In the first case: I believe that the first price will hunt the upper line
In the second case: I think the price will go down and then move up
In any case, the part that moves quickly and boldly (either downward or upward) and the candle closes in the form of a shadow, the movement tends to the same side.
So if you want to make a good profit and your stop will not be hunt, wait
btcusdtperpHello my comrades
1. As you can see in the bigger picture (weekly time frame)
The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps several zone of demand.
2. Below is the last support that is in the range of 29920 to 28870. If it is lost, I have to give a new analysis.
3. Most importantly, the dollar dominance chart is approaching its resistance level, and this will cause a positive market reaction.