Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a 4-hour-time frame analysis for BTCUSDT

According to our previous analysis on December 11, we predicted a rising trend to happen and now you observe that our prediction came true. There are R3, R2, and R1 as our resistance areas that all express the price was not able to rise. S1 and S3 used to be resistance areas and S2 is a long-term support line. Hence, we have the price fluctuating in R2 area and we believe there are two possibilities for the price at this point. If we receive some rising sings, surely our prediction would be a rise upward to higher amounts. But in case there are some falling signs appearing, a decline is expected for price to lower amounts. Note that there is a high probability for the price to face more decline if it does not fluctuate well and rise upward.

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

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.