Today we will consider possible movements of the BTCUSDT price for the nearest trading week.
If you are interested our global look side possible Bitcoin price movements for years on the weekly time frame, we invite you here:
We believe that in the near future, there will be a strong momentum to the upside.
Why can the price up move stronger than down? Because in addition to standard purchases, short positions closing orders will be added to long-limit orders. And usually, closing shorts are purchases by orders at the closest market price.
If the BTCUSD price breaks out of the triangle upwards and consolidates above $16700-16800, it may activate the first wave of growth to $17600. The target for the growth wave in the coming week is in the region of $19800-20000.
Also, before the start of growth, it can be possible to "break out" the stops of longs, because it is easier to grow without "extra passengers". The critical level is $16000
Therefore, we publish this idea in the 4-hour timeframe to make it convenient to track which of the scenarios the BTC price is moving in order to quickly make trading decisions. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
@Abmoon, nice idea , lets see how Algorand will play out with this FIFA 2022
DeGRAM
⋅
Thank you for sharing your analysis.
ProSignalsFx
⋅
Fantastic post.
TopTradingSignals
⋅
We think the same way!
Mihai_Iacob
⋅
I favor the second scenariu, a new dive and reversal
Solldy
⋅
You God damn right) I think that possible it's only start of movement.
megamusk1
⋅
Nice analysis... thanks
UnknownUnicorn15614419
⋅
There's a pretty strong trend in assets right now, so I think you'll be right, and the idea will work out. But I'm worried that maybe we just haven't considered all the factors. What do you think about that?