BTC/USDT
BTCUSDHello all traders. This is my new point of view about BTC daily chart in long term and I hope it can be helpful for your ideas and trading.
As I mentioned by line in the chart , there are two different scenarios about moving of BTC. The first scenario according to many index like, DXY, BTC.D, OTHERS ALTCOINS, and also BITO SHARE index, which are both correlation and non correlation with BTC is that a little up till 44,000$ area and the area between 40,000 till 41,000$ which is a good support area. this trend can be continue till 37,000$ and then, 33,000$.
.
.
On the other hand, If BTC respect to major support which is 40,000$ are it can be changing movement till 48,000$ and then with some little correction to 52,100$ which is a crucial point for BTC. We must see the situation of the world for this two scenarios. I hope it was a clear and easy analysis of the chart and be useful for you dear followers. Be safe and have perfect profit.
NFA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.