BTCUSDT - It will revert to the mean
Firstly, zoom out on the BTC chart and you'll notice something. BTC has always revert to the mean. Everytime it dips below the 200EMA, it will go back up. I would bet on a reversion to the mean for BTC.
And recently, we can see that the 13EMA has also cross above the 21EMA, a golden cross.
Thirdly, MACD has crossed above signal line.
I would think it's worth a shot to go long if the next candle close above the ~53740 level and ride it till the 200EMA which would probably provide the next level of resistance. That's for a measly 3-4% gains.
If the volume expansion continues, and buying pressure is strong, we can ride it till the next resistance at the ~59740 range, which i foresee it would then stabilize for a little.
I believe this can happen within the next 3-4 days.
I'm just trying to use basic trend analysis and indicators so do give me some constructive criticism or feedback.
And recently, we can see that the 13EMA has also cross above the 21EMA, a golden cross.
Thirdly, MACD has crossed above signal line.
I would think it's worth a shot to go long if the next candle close above the ~53740 level and ride it till the 200EMA which would probably provide the next level of resistance. That's for a measly 3-4% gains.
If the volume expansion continues, and buying pressure is strong, we can ride it till the next resistance at the ~59740 range, which i foresee it would then stabilize for a little.
I believe this can happen within the next 3-4 days.
I'm just trying to use basic trend analysis and indicators so do give me some constructive criticism or feedback.
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