MarceloTorres
Short

BTC (1H): should look for new lows in the next few days

BINANCE:BTCUSDT   Bitcoin / TetherUS
Confirming the larger (long term) cycle movement that I posted yesterday on the 3D chart, you can see on the 1D chart (one day), which anticipates the 3D chart movements, that BTC price is close to testing the moving average of 200 periods in 8690, having already confirmed the temporary breakdown of moving averages 10, 21 and 55 period. This downward movement is likely due to signals suggested by the STOH, RSIH, MACDH, Price Spread Momentum, Pivotal Momentum, CumNetVol and BuySell Trend indicators.

Note also that prices have been following a downtrend line, which would lead us to believe that with the behavior of prices in the last few weeks, a possibility of breaking this downtrend line would be quite low, which was confirmed.

And finally, note that the prices are at that moment standing at the Fibonacci 50% level at 8812. If it loses that level prices will have the following levels below: 8510 (61.8% Fibo), 8004 (78 , 6% Fibo) and 7361 (100% Fibo).

Want to know more? Follow me on Twitter ( twitter .com/MoneyWiseCrypto) and/or Telegram (t.me/MoneyWiseCrypto).

If this review was helpful to you, how about giving me a LIKE for this review and also following my profile? If you want to receive firsthand analysis, just following me?

Good trades!
Marcelo Torres
Twitter: www. twitter . com / MoneyWiseCrypto
Telegram: https: // t.me/ MoneyWiseCrypto


MONEYWISE INDICATORS
If you are interested in purchasing one of my indicators, I offer the LEASING model, which is the indicator rent for 6 and 12 months, the more indicators you rent, the lower the unit prices. For more information email me at: contact @ moneywise. com. br
ADVANTAGES: Not all line oscillating indicators have a histogram that allows you to easily and smoothly interpret the behavior of a currency's forces. Analyzing these forces allows you to see which way the market is sloping and then allows you to take a more appropriate approach when entering and / or leaving. These indicators have been tested and validated by a professional team of traders.
UNDERSTANDING: The left side of my Trading System is where you make the decision, part for the action, and realize which side of the market the currency is hanging on. The right side is where you look at the forces of buyer or seller pressure, the strength of the buyer or seller spread, the pressure on buyer or seller volume , and short- and long-term trends that identify the possible moments of trend turns. Many may say that it is very predictive for decision making, but those who speak it prove that they do not understand Technical Analysis , as there are two decision moments: (1) to know when to move (right side), and (2 ) to learn how to move (left side).
Nov 08
Comment: Sorry, the tittle came out with 1H as the chart period instead of 1D.
Nov 18
Trade closed: target reached: As expected, prices continued their downward movement, breaking the 200-period moving average on the 1D chart, confirming the progressive falling price movement on the 3D chart. Next stop should be at the 78.6% Fibonacci level at 8004, where there is a support zone, hopefully enough to hold prices.
TRADEWISER | Marcelo Torres
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out