BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello everyone 😃
As we can see 👀
- EMA 50 is acting as support
- BBs basis being resistance
- Helical indicator is narrow and bearish ( BTC could do some range movement between 11300 , 11470 ( mentioned on chart ))
- MACD is narrow and might have fake bullish cross over ( in 1H its bearish )
- Stochastic is being bullish slightly
- CME gap at 11360,11100

Now BTC is slightly being range and we mentioned it on chart information !
Also XBT/USDT have buy order wall at 11280 which worth more than 9 million dollar !
It means those buy orders can making a little support at 11280$.
SO we expect a test at buy order wall and another touch for 11500.
If BTC failed to hold above 11280, we take a trip to 11000 support line.
Have to mention that there is a chance for BTC to fill the gap and reverse it on bullish movement till 11700$.

Attention : this is not a financial advise we just try to help people on their own vision.

- Helical_Trades
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Pennant formation. Let's see how this goes
+1 Reply
Helical_Trades SynergyCapital
@SynergyCapital, I believe in buy orders !
which make some walls out there
It will either consolidate a bit before going down for a healthier correction. Thanks for sharing your idea 🐻‍❄️😃
+1 Reply
@PolarHusk, my job !
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