BINANCE:BTCUSDT
If BTC can break the support of 40 and 30k , a downward trend will start in the monthly time fram
In this case, the price can fall to the area of 20k
BTC has 4 chanles through which it moves. those chanles can explain BTC behavior better.
if we add support/resistance line to chart We can have a better view of price movements
On the other hand 48k support cluster with 0.5 fibo and base on gann square and ichi time analyze, On November 1, we will see a big spike in BTC price
BINANCE:BTCUSDT
BTC in weekly has 2 impuls waves(A , C ) and 1 correction wave (B). B is between 0.5 and 0.618 fibo and C = A on 63k then BTC can correction to 0.5 to .618 fibo ( 48k-52k).
In other case BTC touch hi line of up chanle in 66k and old ATH is on 65k that mean this zone very powerful and needs to price or time correction.
Based on the above, the chance of...
BTC touched 1 day chanle and break the 60' degree uptrend line.In my opinion If btc go down with 60 degree downtrend , will touch low of chanle line in 31 Oct and 47k and if btc goes with 45 degree downtrend line touch low chanle line in 3 Nov and 49k. After that date, Btc continues with 15 degree uptrend line
in weekly trend i s
Btc/usdt go to 63k atleast becuse:
1-bullish and corrected to 0.5 fibo .
2- trend in weekly is bullish becuse kumo is green and seller can't break out cloud first edge . Price over the 50,100,200 MA and far away and RSI break out down trend line and ...
Then if btc can break the weekly downward channel in the ceiling of 48-50k , can...
