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
Comment: Entry point for speculation
Very well done , cheers great analysis
ferGOD ferGOD
@ferGOD, Nice work brother. I really liked your idea. Thanks for sharing. We go together.
+1 Reply
@ferGOD, tank you man
Very nice chart. Buying these dips up in here!
+1 Reply
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!

+1 Reply
Medium and aggressive targets for btc in mid term according to what the chart is telling us
Death cross only active if the two ema's are falling, just see the history.
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