How thinks my personal indicator for BTC:Part2
As stated in the previous report, finally the price was pulled down by a strong absorber at the level of 26,200. The output of the indicator is shown in the figure. Currently, a strong absorber at the level of 26,200 has prevented the price from falling further, and of course, the presence of a strong barrier at the same level has prevented the price from increasing further. Currently, the price is supported by fairly good support at the 25,910 level, and a break of this resistance will set the stage for further declines. If the price crosses 26200, the important resistance will be at the level of 26730. Considering the existence of a relatively good absorber at the level of 26350, crossing 26200 is a stronger possibility in the coming hours.
Note
What say indicator to us now: There is a high probability that the price will return to 26,200 and move towards 26,730, and with a lower probability, it will move directly to 26,730. with a small delay in 26545.Note
What says my indicator to us now: The price will go to 26730. There is a resistance in 26350 and then in 26550. But it will go to the goal. 26200 is a strong support. As long as the price is almost above 26,200, this analysis is valid.
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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.