rezshahab

Bitcoin and my indicator: (Part 4)

rezshahab Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
My personal indicator output: Strong resistance at 26,530 and then 26,730 is on the way up for Bitcoin. At the level of 27,300, a strong absorber has also formed, which pulls the price towards itself. On the other hand, the price is supported by the weak support of 26450 and 26360 and the strong support of 26200. Currently, if the price cannot reach the level of 26,535 soon, it has no choice but to return to 26,415 and then 16,200. The current situation is such that there is a 60% probability of a return and a 40% probability of an increase, so it is not possible to comment with certainty on the price path. We are waiting for now...
Comment:
A new result from my personal indicator:
This is what I write about Cardano that is related to Bitcoin:
In general, due to the much greater strength of the absorbing levels, a good rise is expected from Cardano. But because it seems strange that such an increase would occur in the case of a fall in Bitcoin, there is also a possibility that Bitcoin will also experience a good rise or at least not suffer a particular fall.
Comment:
My indicator thinks: 27550 and then 28300 is accessible with a resistance at 27777.
Comment:
What indicator says: At this moment and in the 4-hour time frame, the price is facing the barrier of 27,700, and the level of attraction has not been created to help pass this barrier. The price is supported by the support level of 26,900, and of course, the strong absorber at 26,750, and of course, strong support at this level, has increased the possibility of returning to this level. But in the daily time frame, there is a strong absorber at 28,300, which, despite the presence of a very strong barrier at this level, has made possible the possibility of the price rising to this level and returning from it in the near future. All in all, for the short term, returning to 26900 then 26,750 is the most logical state.
Comment:
What indicator says: As said in the last comment, BTC needs some correction.
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