BTC/USDT
Failed to cross the 60800 range and re-price in the short term
As mentioned in the previous analysis, the range of 62000 was a very important resistance for Bitcoin and the price fell short after reacting to this range.
By examining different time frames, the most important long-term support ranges are around 52,000 and 46,000, and as long as we do not penetrate below these limits, the long-term trend is upward.
By examining the chart in 4-hour timeframe, the most important and closest support for the price return is in the range of 55800, and the continuation of the upward trend will depend on the support of this range in the coming days. Therefore, closing the daily candle above this range is vital and necessary
Considering the structure of the waves, provided that the mentioned short-term support is maintained, the upward trend will continue and the target of this wave will be around 70,000 to 72,000. The long-term wave target range of 84,000 is also projected
The long-term correction mentioned in previous analyzes is in the green range and is priced at around 37,000. And if the price moves towards this forecast range, despite deepening in terms of price decline, it will take 4 to 6 months.
Based on the analysis and scenarios presented in the current situation and considering that the loss of the previous analysis has been activated by penetrating in the range of $ 56,000, the appropriate strategies for dealing with the market are as follows:
1- If the price reaches above 58,500 within the next 24 hours, re-entering the market with a loss of 54,400 will be appropriate and reasonable.
2- If the price penetrates to the range of 55800 and the daily candle closes tonight, under this support, wait for the price to move towards 521500-52000 to buy, and if you buy, observe the loss limit of 49400.
3- Considering that a significant number of signals have achieved their goals in the past few days, the spot signal will probably not be provided in the next few days, and if the market stabilizes, we will try to provide low-risk futures signals.
4- If you have not considered a loss for your basket, please consider the loss for them according to the current price range and the range provided in the channel signals.
5. If some of your currencies are still growing or you have cashed them at higher prices, do not rush to buy again and wait for the market prices to stabilize. Remember, it does not matter if the prices are high or low, the validity of the buying ranges and the probability of price growth from the identified ranges are important.
In case of any change, the analysis will be updated
good luck
Cryptoclub Analytical Team
Failed to cross the 60800 range and re-price in the short term
As mentioned in the previous analysis, the range of 62000 was a very important resistance for Bitcoin and the price fell short after reacting to this range.
By examining different time frames, the most important long-term support ranges are around 52,000 and 46,000, and as long as we do not penetrate below these limits, the long-term trend is upward.
By examining the chart in 4-hour timeframe, the most important and closest support for the price return is in the range of 55800, and the continuation of the upward trend will depend on the support of this range in the coming days. Therefore, closing the daily candle above this range is vital and necessary
Considering the structure of the waves, provided that the mentioned short-term support is maintained, the upward trend will continue and the target of this wave will be around 70,000 to 72,000. The long-term wave target range of 84,000 is also projected
The long-term correction mentioned in previous analyzes is in the green range and is priced at around 37,000. And if the price moves towards this forecast range, despite deepening in terms of price decline, it will take 4 to 6 months.
Based on the analysis and scenarios presented in the current situation and considering that the loss of the previous analysis has been activated by penetrating in the range of $ 56,000, the appropriate strategies for dealing with the market are as follows:
1- If the price reaches above 58,500 within the next 24 hours, re-entering the market with a loss of 54,400 will be appropriate and reasonable.
2- If the price penetrates to the range of 55800 and the daily candle closes tonight, under this support, wait for the price to move towards 521500-52000 to buy, and if you buy, observe the loss limit of 49400.
3- Considering that a significant number of signals have achieved their goals in the past few days, the spot signal will probably not be provided in the next few days, and if the market stabilizes, we will try to provide low-risk futures signals.
4- If you have not considered a loss for your basket, please consider the loss for them according to the current price range and the range provided in the channel signals.
5. If some of your currencies are still growing or you have cashed them at higher prices, do not rush to buy again and wait for the market prices to stabilize. Remember, it does not matter if the prices are high or low, the validity of the buying ranges and the probability of price growth from the identified ranges are important.
In case of any change, the analysis will be updated
good luck
Cryptoclub Analytical Team
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.
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.