TWTUSDT is forming a huge triangle with exit target around 2.35 usdt. TWT is a fundamental project that fully owned by Binance with 10m users on board, top in AppStore and 1m twitter followers.
Its competitor MetaMask was estimated at 6.5 billion. Now TWT is 0.4 billion cap. If TWT going to cost a half of MetaMask the price would be around 10 usdt per 1 TWT.
In my opinion we going to see a classic correction of BTC after rising from 29.5K to 69K.
At first we should go to 0.382 Fib level (53.7k), than bounce to 0.23 (60k). From that level I'm expecting more deeper correction to 0.5 Fib level (48.8K).
And only after that I think we would see something like 67k price in BTCUSDT pair.
As you can see, BTCUSDT is forming inverted pennant on a 4h time frame (and 6h, 8h & 1D) with the decreasing volume.
That is a bearish sign.
Manage your risks, because BTC has the two levels of the global rising from Aug that wasn't touched during this correction yet. They are around 41k and 38k, where I'll put my "long" limit orders, with the target around 46k....
Hi guys.
BTC steel falling but, we're still bullish befor BTC close daily candle under 0.61 Fibo level.
Also BTC is forming a "falling wedge" pattern in a rise formation, that is bullish too.
As you can see on the chart, BTC tuched the 0.31 Fibo lavel first time since 05 Aug 21 '.
The buyers activity is low, so I think the correction should go lower.
Target is...
