Hello there,
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for BTCUSDT
As we analyzed on May 7, we predicted a decline to happen and here we observe a falling trend since then which illustrates our expectation took place correctly. Here we see R3, R2, and R1 as our resistance areas in which the unsuccessful attempts of price to rise are obviously seen. S2 used to be a resistance area. And S1 is a long-term support area at the bottom of the chart that shows the support of price at different points. The price was successful at breaking S2 upward and after receiving multiple support by this area, it had noticeable rises and when it was not successful at rising more to higher amounts, it faced some rejections by our resistance areas and after losing the support at the white line (that used to be a support line in the past), it moved below this area via several negative Marubozu Candles and now it is moving over S1 line. Therefore, the pressure of sellers and the unstable situation of market made the price to have a decline and then we see it is fluctuating at this point and we believe the price will have more decline to touch this support line and then by having more fixation and some positive signs in order to rise, more increase would take place for that in the coming days. So after having a retest at S1, more rise would happen toward R1 or possibly through more fixation above this area, more increase would take place up to R2 or R3. The resistance areas are proper points for saving your profits but wait for the retesting process and make sure you enter trading at the right moment. In case the price is not supported and falls downward, by reaching at S2, we should wait for it to be supported well and on its returning trend upward, we are able to put our trade orders. We recommend you to wait for future and even for some signs in order to make sue of the next trade action and then have more precise prediction for you. Be aware of activating your stop-loss in order to have less loss and less risky trades. Please be attentive to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for BTCUSDT
As we analyzed on May 7, we predicted a decline to happen and here we observe a falling trend since then which illustrates our expectation took place correctly. Here we see R3, R2, and R1 as our resistance areas in which the unsuccessful attempts of price to rise are obviously seen. S2 used to be a resistance area. And S1 is a long-term support area at the bottom of the chart that shows the support of price at different points. The price was successful at breaking S2 upward and after receiving multiple support by this area, it had noticeable rises and when it was not successful at rising more to higher amounts, it faced some rejections by our resistance areas and after losing the support at the white line (that used to be a support line in the past), it moved below this area via several negative Marubozu Candles and now it is moving over S1 line. Therefore, the pressure of sellers and the unstable situation of market made the price to have a decline and then we see it is fluctuating at this point and we believe the price will have more decline to touch this support line and then by having more fixation and some positive signs in order to rise, more increase would take place for that in the coming days. So after having a retest at S1, more rise would happen toward R1 or possibly through more fixation above this area, more increase would take place up to R2 or R3. The resistance areas are proper points for saving your profits but wait for the retesting process and make sure you enter trading at the right moment. In case the price is not supported and falls downward, by reaching at S2, we should wait for it to be supported well and on its returning trend upward, we are able to put our trade orders. We recommend you to wait for future and even for some signs in order to make sue of the next trade action and then have more precise prediction for you. Be aware of activating your stop-loss in order to have less loss and less risky trades. Please be attentive to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
