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This is a continuation of the analysis done yesterday. We should expect anywhere from 0.84% to 1.435% upward moves from here.
Do we have the potential to go further? I believe we do.
Previous Analysis:
BTC broke 17k yesterday and we are in the process of testing the mid-upper limit of the $17k range. At the moment, it's safe to say that it's in an overbought zone. If we break $17,500, we might be heading to $18K.
For now, there is an opportunity to gain anywhere from 0.4% to 1.85% with a potential for a greater upward movement.
Oversold point: $16,854
Happy trading!
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
This is a continuation of the analysis done yesterday. We should expect anywhere from 0.84% to 1.435% upward moves from here.
Do we have the potential to go further? I believe we do.
Previous Analysis:
BTC broke 17k yesterday and we are in the process of testing the mid-upper limit of the $17k range. At the moment, it's safe to say that it's in an overbought zone. If we break $17,500, we might be heading to $18K.
For now, there is an opportunity to gain anywhere from 0.4% to 1.85% with a potential for a greater upward movement.
Oversold point: $16,854
Happy trading!
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.