BTC/USDT, read a fair analysis(3), it's not the end
Check out my last 2 analysis on this chart, it's like I predicted bitcoin price for a year. I'm not saying I'm a genius.
For real I'm not predicting nothing, just charting. The chart lines are often respected, so when the price line cross an important chart line, something happens.
And by analysing charts and global market sentiment we can have an idea where the price of the bitcoin is heading to.
I'm often adding 2 sides in my analysis, bullish and bearish. To give a complete overview on what might happen, because well we never know. Stupid cryptos.
But of course with all the recent announcements and massive investments in the crypto ecosystem, the market is getting stronger ans stronger.
_____________________________________________________________________________
In this analysis,
Price line is going to retest the purple ellipse, at some time, during this interval of time (more or less). At least one but probably a few times.
The outcome might push prices higher or drive them lower. We will see about that, but this resistance is important.
If line price crosses below the red resistance, we can place short positions until the grey line.
If line price bounce over (in between) the green resistances, we can place long positions.
_____________________________________________________________________________
I will update this idea as always.
Safe trading!
#this is no financial advice, I don't care if you invest or not
For real I'm not predicting nothing, just charting. The chart lines are often respected, so when the price line cross an important chart line, something happens.
And by analysing charts and global market sentiment we can have an idea where the price of the bitcoin is heading to.
I'm often adding 2 sides in my analysis, bullish and bearish. To give a complete overview on what might happen, because well we never know. Stupid cryptos.
But of course with all the recent announcements and massive investments in the crypto ecosystem, the market is getting stronger ans stronger.
_____________________________________________________________________________
In this analysis,
Price line is going to retest the purple ellipse, at some time, during this interval of time (more or less). At least one but probably a few times.
The outcome might push prices higher or drive them lower. We will see about that, but this resistance is important.
If line price crosses below the red resistance, we can place short positions until the grey line.
If line price bounce over (in between) the green resistances, we can place long positions.
_____________________________________________________________________________
I will update this idea as always.
Safe trading!
#this is no financial advice, I don't care if you invest or not