For the last week BTCUSDT has stayed more or less calm inside of its ascending channel on track to reach $5600. It has had one pullback that fell just outside the bounds of this channel before quickly rebounding back.
We expect one of two scenarios to happen in the immediate future:
1. BTCUSDT will retest its previous high of $5422 and be rejected, hover near this resistance for a while before pushing through.
2. BTCUSDT will lose steam around the middle of it's channel (about $5350) and make a lower low to 4700 - 4800 complete an ABC correction before it's 5th wave upwards.
We recommend setting buys around the 4700 - 4800 in case scenario 2 ends up occurring.
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To set laddered buys, stoploss and take profit simultaneously, and monitor your signals with alerts you can use: https://signalgroups.com
We expect one of two scenarios to happen in the immediate future:
1. BTCUSDT will retest its previous high of $5422 and be rejected, hover near this resistance for a while before pushing through.
2. BTCUSDT will lose steam around the middle of it's channel (about $5350) and make a lower low to 4700 - 4800 complete an ABC correction before it's 5th wave upwards.
We recommend setting buys around the 4700 - 4800 in case scenario 2 ends up occurring.
---
To set laddered buys, stoploss and take profit simultaneously, and monitor your signals with alerts you can use: https://signalgroups.com
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.