BTCUSDT Update - First $43000 then $26000?
Hello trader, today we will talk about bitcoin
Let's start with the fact that we warned about such a decline to 35000, we warned that there would be an impulse price decline
and also that only a few guys can and can short this market.
You can find these posts in our....
Now our team of analysts is disassembling this tool for one purpose
Having analyzed Bitcoin on all timeframes, we assume (this is not financial advice) to open positions against the current of the market (open long positions)
Why ?
The Internet began to discuss the price drop to 20,000
Yes, this is logical - uh, this is a very likely scenario.
But
We broke the level of the Head and Shoulders pattern - where the price DON'T returned to the level of 43000 (did not happen)
The second factor is that the cluster analysis indicates increased volumes in the delta. (buy)
The third is psychology (Most traders and small speculators are already accustomed to falling) and set short stop losses at 1-2% of the entry into their short positions.
Thus, the market can grow impulsively due to the same stop losses.
The fourth factor is that the price has covered one of the big gap formations (in short, the price gap has been filled)
The fifth factor is the narrow channel in which the price is located.
The sixth factor is the fear in the market to miss the bottom of the market, everyone wants to buy cheaper.
But lost profits will be bought at 43,000 - where the market will be lowered even lower.
Given the non-recoiling fall, we expect the release of one good news where the entire market will be raised by several hundred billion dollars
Also considering all target CMEs on the exchange
our team expects this outcome.
Let's start with the fact that we warned about such a decline to 35000, we warned that there would be an impulse price decline
and also that only a few guys can and can short this market.
You can find these posts in our....
Now our team of analysts is disassembling this tool for one purpose
Having analyzed Bitcoin on all timeframes, we assume (this is not financial advice) to open positions against the current of the market (open long positions)
Why ?
The Internet began to discuss the price drop to 20,000
Yes, this is logical - uh, this is a very likely scenario.
But
We broke the level of the Head and Shoulders pattern - where the price DON'T returned to the level of 43000 (did not happen)
The second factor is that the cluster analysis indicates increased volumes in the delta. (buy)
The third is psychology (Most traders and small speculators are already accustomed to falling) and set short stop losses at 1-2% of the entry into their short positions.
Thus, the market can grow impulsively due to the same stop losses.
The fourth factor is that the price has covered one of the big gap formations (in short, the price gap has been filled)
The fifth factor is the narrow channel in which the price is located.
The sixth factor is the fear in the market to miss the bottom of the market, everyone wants to buy cheaper.
But lost profits will be bought at 43,000 - where the market will be lowered even lower.
Given the non-recoiling fall, we expect the release of one good news where the entire market will be raised by several hundred billion dollars
Also considering all target CMEs on the exchange
our team expects this outcome.
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