BTC Bullish 0.84to1.43% 12 1 2022
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This is a continuation of the analysis done yesterday. We should expect anywhere from 0.84% to 1.435% upward moves from here.
Do we have the potential to go further? I believe we do.
Previous Analysis:
BTC broke 17k yesterday and we are in the process of testing the mid-upper limit of the 17k range. At the moment, it's safe to say that it's in an overbought zone. If we break $17,500, we might be heading to 18K.
For now, there is an opportunity to gain anywhere from 0.4% to 1.85% with a potential for a greater upward movement.
Oversold point: $16,854
Happy trading!
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
This is a continuation of the analysis done yesterday. We should expect anywhere from 0.84% to 1.435% upward moves from here.
Do we have the potential to go further? I believe we do.
Previous Analysis:
BTC broke 17k yesterday and we are in the process of testing the mid-upper limit of the 17k range. At the moment, it's safe to say that it's in an overbought zone. If we break $17,500, we might be heading to 18K.
For now, there is an opportunity to gain anywhere from 0.4% to 1.85% with a potential for a greater upward movement.
Oversold point: $16,854
Happy trading!
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
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.