How my personal indicator thinks about Bitcoin: part 3

26 Sep 2023

The price is currently between a strong support of 26,200 and a relatively strong resistance of 26,360. In case of decline, the next support is currently at 25,900. A strong absorber and barrier is located at 26735 and a weak barrier of 26600 is placed in its path. Currently, according to the charts, it is more ready to climb and pass the level of 26360. Being in a small range between 26,200 and 26,360 shows that soon the price will move up, i.e. crossing 26,360 and moving towards 26,735, or down, i.e. breaking 26,200 and moving towards 25,900. As mentioned, the possibility of going up is more likely than going down.

26 Sep 2023

Nota

My indicator thinks that the price is going toward 25300.

26 Sep 2023

Nota

A strong downward absorber has not yet formed. Currently, most of the attractors are above 26,200 and of course many resistance levels have formed above 26,200. The nearest attractor is 26210, which has pulled the price towards itself, and of course, the strong resistance that has formed in this area is a serious obstacle in the way of price increase. Currently, the possibility of price decrease is higher than price increase, and the first step is the support of 25900. If you have created a long position, your current risk has increased.
These explanations are not a reason for establishing a specific position and are presented only for the purpose of exchanging opinions.

26 Sep 2023

Nota

My indicator thinks that as long as BTC maintains its price around 26,200, there is a possibility of rising to 26,350 and then 26,750. And if the price

27 Sep 2023

Nota

As per the previous comment, my personal indicator thinks that the price will go toward 26730.