CAN BTC RECORD A NEW “”ALL TIME HIGH’’ THIS YEAR ??
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#BTC/USDT ANALYSIS;-
As we can see from the above-mentioned chart the numbers of green candles are likely more than red ones.
Following are the Bretons behind this chart update.
1. As we can observe BTC is holding the 0.618 FIB LEVEL very well for the last few days.
2. Multiple indicators are printing strength in higher time frame charts.
3. IMO, it needs to print a triple top pattern to record a new ATH.
4. IF BTC goes below the 0.618 fib level then it will record more choppy price action and it will end up with the long wicks in higher time frame charts.
5. Here we need some green candles.
6. Candle close above the price level of 32.8k for things to be stable and will trigger the rally. For the starter, it needs to break above the Black MA. (Observe the circles) which is the 30.8k level. Taking into account these points, there's a 65% possibility we will see a new ATH this year.
This is not financial advice it's just my take on BTC price action.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
#BTC/USDT ANALYSIS;-
As we can see from the above-mentioned chart the numbers of green candles are likely more than red ones.
Following are the Bretons behind this chart update.
1. As we can observe BTC is holding the 0.618 FIB LEVEL very well for the last few days.
2. Multiple indicators are printing strength in higher time frame charts.
3. IMO, it needs to print a triple top pattern to record a new ATH.
4. IF BTC goes below the 0.618 fib level then it will record more choppy price action and it will end up with the long wicks in higher time frame charts.
5. Here we need some green candles.
6. Candle close above the price level of 32.8k for things to be stable and will trigger the rally. For the starter, it needs to break above the Black MA. (Observe the circles) which is the 30.8k level. Taking into account these points, there's a 65% possibility we will see a new ATH this year.
This is not financial advice it's just my take on BTC price action.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.