BTCUSD today analysis, 190927. Recommend to wait until $6500.
Hello my friends. It's Cryptoranger K.
For a few days, the candle is almost in place. Based on the two-day chart, the candle has recently fallen close to vertical and is quite far from the 5day line. Also, given that the candle is out of the bottom of the Bollinger band, there seems to be a rebound in any way. It's not big around $ 7400, but it appears to be a band of resistance. I think the price will rebound here once. However, because the volume profile there seems to be less supportive, I expect that the price will only approach the 10-day line even if there is a rebound. It is expected that the price will continue to fall to $ 6500 after which the price will rebound to at least the 20day line.
For a few days, the candle is almost in place. Based on the two-day chart, the candle has recently fallen close to vertical and is quite far from the 5day line. Also, given that the candle is out of the bottom of the Bollinger band, there seems to be a rebound in any way. It's not big around $ 7400, but it appears to be a band of resistance. I think the price will rebound here once. However, because the volume profile there seems to be less supportive, I expect that the price will only approach the 10-day line even if there is a rebound. It is expected that the price will continue to fall to $ 6500 after which the price will rebound to at least the 20day line.
Comment:
I actually thought I didn't have to post today. But I was sure that there were some people in the market who were strongly tempted by this decline. If I want to buy now, I would like to tell them to wait a little longer. Let me tell you why.
Comment:
Comment:
Let's look at the daily chart. As mentioned in yesterday's article, on a one-day chart, the 200-day line and volume profile seem to support the price together. However, in the three-day and weekly charts, the secondary indicators still tell the decline.
Comment:
Comment:
I recommend buying after Stochastic made Goden Cross on a 3 week chart. This method doesn't make money consistently, but it's safe. But if you want to make a profit from the rebound, you'll want to wait a little longer and buy it near $ 7400. From the shape of the candle that is drawn now, I think that there is a high possibility of showing the flow of the J shape. There is a saying in the stock market saying, "Do not hold the falling blade." If possible, it is best to rest in the bear market. In my opinion, even if there is a rebound in the $ 7400, it is best to take a break, and I think it's best to buy at that time as the price is expected to be quite large when the price drops to $ 6500.
Today's analysis is up to here.
Every time I post an article, I think it is the most important thing to always keep an eye on the market and react to change as expected.
I hope you will be happy today.
Thank you.
Today's analysis is up to here.
Every time I post an article, I think it is the most important thing to always keep an eye on the market and react to change as expected.
I hope you will be happy today.
Thank you.