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This overbought point was determined using a private chart strategy. This chart was simply used to identify reasonable entry and exit zones. At the moment, BTC has become temporarily overbought at an average price of $16,905. Kindly note that I still have a bullish sentiment because of the BTC drive to retest 18k. There are four levels for potential take profit, but one of the first three take profit levels is more likely to act as the oversold point.
Safe points to take profit:
T1: 0.56%
T2: 0.71%
T3: 1.15%
T4: 1.79
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.
This overbought point was determined using a private chart strategy. This chart was simply used to identify reasonable entry and exit zones. At the moment, BTC has become temporarily overbought at an average price of $16,905. Kindly note that I still have a bullish sentiment because of the BTC drive to retest 18k. There are four levels for potential take profit, but one of the first three take profit levels is more likely to act as the oversold point.
Safe points to take profit:
T1: 0.56%
T2: 0.71%
T3: 1.15%
T4: 1.79
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.