BitcoinUSDT(Comprehensive review)Hi friends In this analysis, the following is examined:
1-Ma 100 and Ma 50
2-Rsi
3-Ichimoku
4-Fibo
Check the status of moving averages:
(1D.3D.6D)
1D:The price chart has broken the 200 and 100 moving averages and at the same time it has pulled back to both moving averages.
After the pullback, we have seen an upward trend from the technical point of view, and in connection with the moving average, we are witnessing an upward trend after small corrections.
3D:We see a moving average 100 broken by the price chart We also see a Pullback chart to the place of failure .We also have to note that MA 100 with MA 50 is likely to cut off and cross
6D:The price chart had a collision with the Ma 200 and this collision was associated with the reaction .It should be noted that this is the second price impact with the moving average of 200
And this price chart has a lot of volume and power and there is a possibility of failure of this area.
Also, the moving average 100 is in the range of 33 to 34, which makes it possible to touch these range by the price chart after minor corrections.
Check the status of moving averages:
(4H.8H.12H)
12H:We see an uptrend (CROSS) between moving averages and price charts
Of course, we expect a corrective process to the moving average of 100 (PULLBACK), which is 24500 to 25000.
8H:Here too we see a rising cross between moving and the price chart .Here again we see a bullish cross between the moving gains and the price chart
Moving average of 100 in the price range of 24
And the moving average is 50 in the price range of 25
We expect both of these to create support within the mentioned range.
4H:Here too we see bullish crosses and we have started a corrective trend which confirms the above analysis.
Check the status of ICHIMOKU:
(3D.6D)
6D: The price is inside the red cloud, which shows us the cloud ceiling of the 32000 range and the cloud floor of the 19000 range
Conversion Line can stabilize in the cloud, which can act as support .According to this unwritten rule that the price chart inside the cloud can touch both the ceiling and the floor of the cloud, there is a possibility
that the price will be supported after the blue line and touch the ceiling of the cloud.
3D: The price chart has managed to break the cloud and validate its failure after a pullback
It should also be mentioned that after 450 days, the price was able to stabilize above the three-day cloud.
Base and conversion lines are expected to act as support and prevent the price from falling.
Also, the future cloud has opened in green, which can give strength to continue the upward trend
In this case, the price can move up to the specified area.
Check the status of RSI
(1D.3D.12H.4H)
1D:We see a negative divergence between the price chart and the RSI. If the floor of this divergence is higher than the previous floor, we can expect price growth after the correction. The upper floor should be between 20,500 and 22,800.
3D:RSI is in the range of 70. There is an expectation of RSI correction. According to the EMA, the correction area can be observed between 23000 and 24000
12H:Here we see the divergence of price and RSI
In this case, we will usually see a quick correction process that will also cause the RSI to rest
4H:RSI has completely rested and has reached the range of 30. If the EMA breaks and stabilizes, the price will increase again.
Check the status of FIBO
(12H.1D)
12H:If we draw a fibo between the price of 20 and 29, the zones 23 and 24 are considered reversal zones
3D:If we draw a fibo between the price of 15 and 48, the price is currently trying to break the 0.6 zone.
If this area breaks, it can continue to climb up to the 0.5 and 0.3 areas.
Conclusion
My personal view is to correct the price up to the area of 23500-2400 and if it stabilizes in these areas, we can expect the price to increase up to the area of 33000-34000.
If the price is not stabilized in the mentioned areas, it can be expected to drop up to 19
Note that there is a possibility of a drop to the range of 23000-22000 in order to collect liquidity
Our criterion will be used to measure the validity of the closing price of daily candles.
How to trade
If the price stabilizes in the range of 23,500, you can enter into a purchase transaction and choose targets above 26,000, and the loss limit can also be set below the range of 22,500.
It is also possible to enter into a sale transaction from the range of 28000 to 27000 and define the loss limit above 28,800
Or if the price does not stabilize above 24,000, you can enter into a sale transaction and set the target below 2,000, and the loss limit can also be set in the range of 25,500.
In case of analysis, it is possible to enter into a sale transaction by checking the conditions from 34000 to 33000, which of course requires Ayub's patience and reanalysis.
