Btcusdtrading
BTCUSDT- are you expecting a price increase?Good day to all crypto fans!
What is happening now with the price of MTC, let's analyze?
The BTC price corrected from a low of its fall to a maximum of 84.31% according to the Binance exchange. Not reaching the 7135 level quite a bit, at the maximum, the BTC price was 6957. A strong resistance level since 2018. Marked on the chart. The next level is 7934. The level of standard BTC correction, according to historical data or 0.618 Fibonacci, coincides with the peak of the wedge in which the price moves. Most likely the price from the rising wedge goes down.
And the question is whether the price will reach this level before the correction?
Binance exchange limit orders do not expect prices above the level of 7135, and Bitfinex limit orders exceed 7934.
As you can see on the chart, the price moves in a downward channel, in the upper part it goes down from a locally upward channel. Upon exiting the wedge, the price will be adjusted to the level of 5840 or the average channel border is indicated on the chart. The so-called "refueling", which does not cancel the further movement to the level of 7934, or the upper boundary of the downward channel.
A divergence formed, marked on the chart. But nothing prevents making a triple divergence, which will be even stronger than the current one.
Most likely, the price will reach the level of 7934.
While there is a beautiful rebound - the correction from the fall of the stock market I see nothing impossible in that, without volumes, to reach BTC even higher. And there everyone will expect the closing of the huge gap and the development of the “Cup with Handle” pattern, and then, the price, together with the stock market, will fly down. But this is likely to be in April. Before the very poor reporting that everyone will expect.
A scenario with possible growth should be considered only with the surf and consolidation above the level of 7135.
Thanks to all my subscribers and readers for your attention!🙏
Success and profit!🤑
Don’t leave without like and comment, and if you liked my analytics sign up and you definitely won’t miss anything!
Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
BTCUSDT-the picture is local. We are knocking on the trend line!Good day to all crypto fans!
Previous idea at work! Attach below!
What is happening now and what to expect from the market?
The BTC price made an impulse down, thereby approaching the level and the lower border of the channel, after which it rebounded in a corrective movement. The trend line marked on the chart restrains from further growth.
The price can still adjust to the level of 6318. With the subsequent downward movement. Levels are shown on the chart.
Thanks to all my subscribers and readers for your attention!🙏
Success and profit!🤑
Do not leave without a like, and if you like my analytics sign up and you definitely will not miss anything!
Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
If you want to learn how to understand the market, make money without nerves, write me in a personal!
For all legal issues related to your investment portfolio: manipulation of the exchange, which led to the loss of funds, a delay in depositing or withdrawing funds from the exchange, the theft of your funds from your wallet or from the exchange, signing of an agreement with a trader, etc. write in PM. Protect yourself and your investment portfolio.
BTC/USDT That's it, The correction is finished -Very simpe againAs i see in all of my ideas (that you can see on my page) that most of them are correct some how, it shows that the correction must be finished and it's bullish still... be patient and do not loss your bitcoins... next Fibonacci target in this Elliott wave is about 10500 to 10600 but it's not the final destination.
do not forget to Like my idea if you are agree.... and please write a comment about you are idea even if agree or disagree.
( Important ) take a look at my previous related idea