BTC USDT QM (1h)
Updated
HI GUYZ
As indicated in the chart, we are witnessing a reversal pattern, although this does not mean an upward trend, and in my opinion, the downward trend will continue.
In such patterns, the loss limit of both parties, ie buyers and sellers, is usually set.
Also, by checking the 4-hour cloud after the price stabilization in the cloud, it is possible to test the cloud ceiling by the price
From my point of view, there is a possibility of testing the price of 17200, and if it stabilizes at this price, there is a possibility of touching the prices of 17400 and 17600.
Also, Dominance Tether has hit a resistance that is likely to be corrected
In general, by examining all the conditions, there is a possibility of price growth up to the specified areas
As indicated in the chart, we are witnessing a reversal pattern, although this does not mean an upward trend, and in my opinion, the downward trend will continue.
In such patterns, the loss limit of both parties, ie buyers and sellers, is usually set.
Also, by checking the 4-hour cloud after the price stabilization in the cloud, it is possible to test the cloud ceiling by the price
From my point of view, there is a possibility of testing the price of 17200, and if it stabilizes at this price, there is a possibility of touching the prices of 17400 and 17600.
Also, Dominance Tether has hit a resistance that is likely to be corrected
In general, by examining all the conditions, there is a possibility of price growth up to the specified areas
Trade closed: target reached
As we expected, the price touched our specified targets... although the scope of this movement was a little long... but it should be known that in a position, either the loss limit or the profit limit is touched.This price movement caused a 5% growth from the specified area in this analysis
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