BTCUSDT Analysis for 03/08/2022 by DMFX partner of OCTAFX
With reference to the BTCUSDT Performance, I am providing the Analysis Based on SMA, Resistance, Support, and RSI
Weekly Analysis -
Bitcoin has made a decent comeback after a long/ Big fall in the Period of April to June ( 48000 USD to 20000 USD ) It started gaining momentum again / The bulls are going to take it back from last few weeks i.e. From 20000 USD to 23000 USD. Continuous 4 candles rally that is bullish.
In the last week, it has made a Spinning Top candle that gave some indecision in the market or The present ongoing trend is weakening.
We need to wait for the market to give a proper trend that can be Bullish or Bearish.
Daily Analysis:
Looks very bullish as the past 5 candles look promising that bulls are not going to book profit. they want to push the market to further figures
but is in the Consolidation phase between two channels / Parallel channels it has to come out for confirmation of direction.
stay tuned for more analysis like share and Comment
Weekly Analysis -
Bitcoin has made a decent comeback after a long/ Big fall in the Period of April to June ( 48000 USD to 20000 USD ) It started gaining momentum again / The bulls are going to take it back from last few weeks i.e. From 20000 USD to 23000 USD. Continuous 4 candles rally that is bullish.
In the last week, it has made a Spinning Top candle that gave some indecision in the market or The present ongoing trend is weakening.
We need to wait for the market to give a proper trend that can be Bullish or Bearish.
Daily Analysis:
Looks very bullish as the past 5 candles look promising that bulls are not going to book profit. they want to push the market to further figures
but is in the Consolidation phase between two channels / Parallel channels it has to come out for confirmation of direction.
stay tuned for more analysis like share and Comment
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.