Followed previous analysis (May 27) and another retest of the 4.5% - 4.6% area took place. but the subsequent drop failed to create a new low below 4.33% level (due to the recent NFP data)!
here's the new analysis:
two important levels have been identified which are 4.33% and 4.63% .
Crossing below 4.33% is bullish for #BTC and other coins while crossing above 4.63% is bearish for the market (identified by color Red).
Scenario with higher possibility:
#USDT.D is about to break the blue channel from above. Once done , crossing above 4.63% - 4.67% will probably activate the target area of 4.82% - 4.96% (which can cause BTC to dump towards 62K-63K zone)
under no circumstances should it cross above 5.11% level as it can damage market's bullish structure! #CRYPTO
here's the new analysis:
two important levels have been identified which are 4.33% and 4.63% .
Crossing below 4.33% is bullish for #BTC and other coins while crossing above 4.63% is bearish for the market (identified by color Red).
Scenario with higher possibility:
#USDT.D is about to break the blue channel from above. Once done , crossing above 4.63% - 4.67% will probably activate the target area of 4.82% - 4.96% (which can cause BTC to dump towards 62K-63K zone)
under no circumstances should it cross above 5.11% level as it can damage market's bullish structure! #CRYPTO
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.
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.