BTCUSDT Weekly Analysis
Updated
Analysis For Long-Term Holding:
Bitcoin has special conditions right now.
the exchange flow shows that little amount of bitcoin (2.2 million Bitcoins in 19Nov 2021) plays in the exchanges market.
so the big players are playing in over-the-counter (OTC) markets or not playing at all.
I've mentions two triggers in the chart, breaking 28000 makes the market bear or breaking 65000 makes the market bull run, so long-term holders can predict the market move from this triggers.
having a divergence in daily RSI may cause BTCUSDT DROP after braking the ascending trend line or the divergence may want to continue this way some more.
so we can enter the long position for sure after breaking the 65000 resistance and the target can bet 100,000$, or entering the short position after breaking the 28000 support.
for short term its a 80% possibility that BTC will support at 51000-53000 (touch point of ascending trend).
the idea does not mention time, only the price analyzed.
have a good trade.
Bitcoin has special conditions right now.
the exchange flow shows that little amount of bitcoin (2.2 million Bitcoins in 19Nov 2021) plays in the exchanges market.
so the big players are playing in over-the-counter (OTC) markets or not playing at all.
I've mentions two triggers in the chart, breaking 28000 makes the market bear or breaking 65000 makes the market bull run, so long-term holders can predict the market move from this triggers.
having a divergence in daily RSI may cause BTCUSDT DROP after braking the ascending trend line or the divergence may want to continue this way some more.
so we can enter the long position for sure after breaking the 65000 resistance and the target can bet 100,000$, or entering the short position after breaking the 28000 support.
for short term its a 80% possibility that BTC will support at 51000-53000 (touch point of ascending trend).
the idea does not mention time, only the price analyzed.
have a good trade.
Trade closed: target reached
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