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BTC oversold was confirmed at around $16,968. Similar to the previous analysis, this confirmation was reinforced by BTC 3-minute and 5 minutes charts. We needed 4 candle confirmations above the white MA and yellow MA on the 3 minutes charts and 2 candle confirmations above the white and yellow MA on the 5 minutes chart. Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.
Safe points to take profit: T1: 0.42% T2: 0.69% T3: 1.35%
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.
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