BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a one-day-time frame analysis for BTCUSDT

According to our last analysis on November 8, we predicted a falling trend to happen an here we see that our prediction came true. There are R3, R2, and R1 as the resistance areas that include the unsuccessful triumphs of the price to rise. And S1 and S2 are the support areas at the bottom of chart. Presently, we have the price fluctuating in S1 area and we believe it will have another rise toward R1. So by giving us some confirmation candles here, a rise will happen upward to higher amounts. In case we have the fluctuation of price above R1, more rise is expected for it. Even the price may move below S1 and face more decline.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Wish you luck

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.