BTCUSDT ANALYSIS and importand update
Greetings,
I am pleased to provide you with an accurate analysis of BTC.
As mentioned earlier, a downtrend was anticipated, given that the market was expected to touch the lower band of the channel, as clearly depicted on the chart.
There were four key indicators pointing towards an imminent downward Dump in BTC price:
A prolonged range zone, marked in white color , suggesting a high potential for a dump in price movement.
The price was below the downtrend line, indicating an expected downtrend .
Prior to this, the price had touched the upper band of the channel, making it likely to touch the lower band, as explained in the analysis two days before the occurrence of this downtrend and todau it is happened .
The cloud was notably thin, as highlighted on the chart, signifying that a sharp movement was about to occur.
I trust you found the analysis insightful so far.
Now, let's consider what might happen moving forward:
Observe the red fast trend line on the chart. As long as it remains unbroken, maintaining your previous short position could yield further profits.
HOWEVER,
If the price crosses the red fast trend line, changing its color to green, consider opening a long position to capitalize on profits from the upward movement.
Having touched the lower band of the channel beautifully, we can now contemplate a Long position after crossing the red fast trend line . We hope this analysis provides you with low-risk, logical insights.
Best Regards,
Masoud Askarlu
I am pleased to provide you with an accurate analysis of BTC.
As mentioned earlier, a downtrend was anticipated, given that the market was expected to touch the lower band of the channel, as clearly depicted on the chart.
There were four key indicators pointing towards an imminent downward Dump in BTC price:
A prolonged range zone, marked in white color , suggesting a high potential for a dump in price movement.
The price was below the downtrend line, indicating an expected downtrend .
Prior to this, the price had touched the upper band of the channel, making it likely to touch the lower band, as explained in the analysis two days before the occurrence of this downtrend and todau it is happened .
The cloud was notably thin, as highlighted on the chart, signifying that a sharp movement was about to occur.
I trust you found the analysis insightful so far.
Now, let's consider what might happen moving forward:
Observe the red fast trend line on the chart. As long as it remains unbroken, maintaining your previous short position could yield further profits.
HOWEVER,
If the price crosses the red fast trend line, changing its color to green, consider opening a long position to capitalize on profits from the upward movement.
Having touched the lower band of the channel beautifully, we can now contemplate a Long position after crossing the red fast trend line . We hope this analysis provides you with low-risk, logical insights.
Best Regards,
Masoud Askarlu