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I.T.Analytics
Oct 5, 2020 11:24 AM

Analysis of all timeframes - BTC/USD 

Bitcoin / TetherUSBinance

Description

Hello friends.

🧐A Bitcoin short review on all timeframes and further thoughts about the events' development.
We are in the range of 10-11 thousand for the fifth week, which is rather boring.
In our opinion, the falling probability to the 9 thousand level is now about 60-70 per cent.
ATS shows us a short on all timeframes except the weekly one.

⚠️Cancellation of this scenario will be price fixing above $11200 level at least on the daily timeframe.

Flat is the most unpleasant chart's part for trending algorithms, and in general for many traders at all.
We recommend that you take no action during this period. Still, if you really want to trade, you should
take a closer look at any altcoins for short speculations.

TRX, for example, did some pretty good moves last week.
Comments
PolarHusk
GreatWork🐻‍❄️
transparent-fx
nice multi-timeframe, also the monthly is long if you check it :)
BeamStreaks
I follow 4h Chart Mostly, Short Possibility is more if its not crossing the resistance line and triangle pattern.
I.T.Analytics
@BeamStreaks, agree, I think this week we will see a way out of this situation
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