BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello everyone
Today I wanna show you my view of BTCUSD and situation on the market
We move inside the falling wedge , we just reached the price of 7280 is a good support and at this point several indicators intersect:
1. 61.8% fibonacci level
2. Falling wedge support line
3. Diagonal support line formed by 4 points

I think we will continue to move inside this wedge and even a possible false break up this wedge
Soon we will talk about the New Year rally, which is likely to be in the black triangle in the range 6800-8400
Now you can observe the intersection of the two main MA 200 and 50 - and this is called death cross - a signal for falling


After that we will break the line of support - the black line
Most likely we will continue to move down to the zone of the largest volumes of 6600-6200 where you will see a flat, and there is even a chance that we will break this strong level down, and this will cause panic in the market, after that we will find support and this will be a good entry point to the market I showed this area with a yellow box.

The second option and it is more optimal if we move up from the black triangle and the zone 6800-8400 will be the accumulation zone. a good signal for me would be breaking 9200

Until this time, the dominance of Bitcoin will decrease, I am waiting for domination in the region of 60-58%


Many "crypto traders" will see the opportunity to increase their number of bitcoins by trading second-class altcoins in pair with bitcoins that are so at the bottom. But be aware that the altoin market is dangerous for long-term investment, only short-term speculation. If you are a beginner stay away from them.

Sincerely yours EXCAVO
Comment: More signals in telegram
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Very well done , cheers great analysis
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The BIG MOVE!
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ferGOD ferGOD
@ferGOD, Nice work brother. I really liked your idea. Thanks for sharing. We go together.
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EXCAVO ferGOD
@ferGOD, tank you man
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Very nice chart. Buying these dips up in here!
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Nice work brother. I really liked your idea. Thanks for sharing. We go together.

That is my vision. Target Wave 5 (Y) is 5600. Thank you. Together we are stronger!

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Medium and aggressive targets for btc in mid term according to what the chart is telling us
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Death cross only active if the two ema's are falling, just see the history.
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