Btcusdtanaliz
BTCUSDT : Analysis , 1DHello traders, we want to check the BTCUSDT chart in the daily time frame. In our previous analysis of Bitcoin, we predicted that the price would drop to around 20,000, but the amount of Bitcoin drop was more than we expected, and now we have to check what scenario for Bitcoin is expected. The price has reached the bottom of the channel drawn by the Andrews fork and we expect the price to start a correction from this area. We expect the price to pull back to the key level of 21300, which it has reacted to several times in the past. And this level should play the role of a support level for us and maintain the downward trend and continue to fall after the correction until the price of 18300. Good luck.
Btcusdt Possible movementsPossible movement of btcusdt
btcusdt made a high of 32088 on 30th of May 2022 after that made a double top and fell on 19th of June 2022 and made a low of 17622
a channel was formed again took big resistance at 30th of July 2022 and made a double top at channel's top and fell on the same date 19th of Aug 2022 and made a low of 20783
Now we can see a minor pull back till 22400 -22630 If breaks btc can go for channel top where we have multiple resistance of channel top and trendline from all time high which lies 25850 so btc can test the area of 25450 - 25850
So now we have two different scenarios with different trading strategies one is long till first resistance
another is short at resistance specially channel top.
Good Luck Keep Trading.
#BTC/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT analysis.
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Let's get back to the chart as we can see BTC/USDT is currently trading inside the symmetrical triangle pattern which is a bullish triangle pattern,
According to the current scenario, btc is trading above the green MA (MOVING AVERAGE) if btc breaks the upper trend line and retests then we will see some good rally.
If BTC rejects from the green ma then we expect that btc will once again touch the $38200 - $37700 level.
Sorry for my English it is not my native language.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT 4hour analysis in the chart
I have tried my best to bring the best possible outcome in this chart.
BTC/USDT According to current scenario BTC can bounce right from the support zone from $42500 - $43000.
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This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.