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Analysis:
BTC was consolidating for the most part over the weekend, and this could be an indication of an immediate follow-up bear trend. This is more reason to be cautious of trades conducted this week because a massive and swift reversal can happen at any time.
For now, there is an opportunity to gain anywhere from 0.5% to 2% or more depending on if a lower entry opportunity presents itself in the entry zone shown in the video.
Oversold point: $16,850
Happy trading!
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Analysis:
BTC was consolidating for the most part over the weekend, and this could be an indication of an immediate follow-up bear trend. This is more reason to be cautious of trades conducted this week because a massive and swift reversal can happen at any time.
For now, there is an opportunity to gain anywhere from 0.5% to 2% or more depending on if a lower entry opportunity presents itself in the entry zone shown in the video.
Oversold point: $16,850
Happy trading!
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.