We are looking at BINANCE:FILUSDT again!
Since my previous idea on FILUSDT, it has pumped up to almost 1100% from $19.96 to $238.2. There is no doubt we are in a massive bull run for the long term as I mentioned in my last idea.
From a technical...
Here is my idea about BTCUSDT for the pattern it formed recently. My view on the market is slightly bearish and here is why.
BTCUSDT has been forming a rising wedge since February 10th and the price has nowhere to go(Less and Less Price Movement) as the rising wedge develops. MACD also tells us the 12 and 26 MAs are sticking together(Less and Less...
After a -30% big dump at the end of last year, FILUSDT has been forming a consolidation in a rectangle.
The EMAs on the chart are showing us a bull trend is forming as the price moved up after a long time consolidation.
If you take a closer look at the 4-hour timeframe, you can see after the price had a quick pump with momentum and volume follows, there is a...
BTCUSDT started forming this symmetrical triangle since 2020-01-04
It has tested 3 support levels and 2 resistance levels
The volume started decreasing since 2020-01-11 until now
If it decides to break up the triangle, the first resistance is about 39145
If it decides to break down the triangle, the first support is about 34050
BTCUSDT just broke the rectangle that formed on 2020-12-17 and got confirmed with a red candle right on the top of the rectangle.
The profit level will be at least 1.618 and at most 2.618 fib retracement.
The stop level will be about 0.786 fib retracement.