BTC Bearish 1.15 to 3.56% 12 13 2022If you love the spot-on analysis done so far, please boost, share, comment, and follow for more.
Do we have room to retest ATH for 12.13.2022? Yes. This is why in the chart, this short move is labeled as TEMP. As predicted in the previous analysis, after we broke the $17,500 level, we broke free to $18k like a wild bird discovering flight for the first time.
Now presented to us is an opportunity for a quick short trade with potential TP labeled below. Note: if we don't retest the $18K today or tomorrow, this will be the beginning of our journey to a new ATL for 2022.
A private chart layout was used to prompt an earlier entry into this short trade analysis. Typically, we would wait for yellow MA to cross over the lower dotted white FIB in the 5min chart before we signal an entry point.
Safe points to take profit:
T1: 1.15%
T2: 1.74%
T3: 2.59%
T4: 3.56%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
