BTC/USDT
Approaching the first resistance range and three days before the specified time period entered a downward phase
If the current trend continues and stabilizes below the range of 57,000, the current downtrend will continue and due to the falling ratio, the time to complete the projected correction will take at least a week to 10 days.
Accordingly, at present, any price growth towards the range of 57000-58500 is only a pullback and if it fails to break these limits, the market trend will be down in the short term.
In case of any change, the chart will be updated
An appropriate strategy for behaving in the current trend will be presented in a separate post
good luck
Cryptoclub Analytical Team
Approaching the first resistance range and three days before the specified time period entered a downward phase
If the current trend continues and stabilizes below the range of 57,000, the current downtrend will continue and due to the falling ratio, the time to complete the projected correction will take at least a week to 10 days.
Accordingly, at present, any price growth towards the range of 57000-58500 is only a pullback and if it fails to break these limits, the market trend will be down in the short term.
In case of any change, the chart will be updated
An appropriate strategy for behaving in the current trend will be presented in a separate post
good luck
Cryptoclub Analytical Team
Trade closed: target reached
According to the previous analysis, it re-entered the decline in the specified period and decreased to the specified limits.
The lower support range is around the price range of 45,000 and we expect the correction wave to finally end at this level and the long-term uptrend will continue.
As long as the price is above the support level, the correction period is expected to be short and the price will recover quickly after closing the weekly candle and move to 58,500 as the most important static resistance of the range and then complete another correction wave. Move upwards in order to break the price ceiling
However, in case of penetration into the mentioned support range, the correction will be longer in terms of time and the upward wave predicted in the previous analysis to the target of 96,000 will be delayed and the time for completion of the correction will be 3 to 4 months.
According to previous analyzes and the completion of the correction from the perspective of the purchase chart in the current range up to the range of $ 45,000, it will be reasonable and risk to the appropriate review.
The loss for the proposed analysis is below $ 45,000 after closing the weekly candlestick.
In case of any change in the main process of update analysis and if necessary in short periods of time will be provided
good luck
Cryptoclub Analytical Team
Trade closed: target reached
Mr ChaRtist
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Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.