BTC Cycle update at 1-hr chart

8 ביולי 2023

Here is a simple TA of BTCUSDT. A forecast of the possible BTC price range for the next one to four hours using my spring box indicator. This indicator calculates the probability of the BTC price ranges from the resistance zone, and the midpoint or 50% area, to the various levels of support areas or the dip zones. The dip zone are levels where this indicator recommends to place buy orders. Two bars closing above the resistance will indicate the likelihood of forming new higher high. The indicator re-calculates every 14th period/bar.

/please DYOR/ trade at your own risk/