BTC/USDT - Bull trap or a Retrace to the support zone?!
Güncellendi
Overview for BTC/ USDT
Wave I :
Starting point: 6869.62
Target: 8460.88
1591.26$ move UP!
Retracement:
0.5 fib. level
783.76$ move down
Wave II:
Starting point: 7677.12
Target: 9200.70
1523.58$ move UP
Retracement:
0.618 fib. level
971.57
MOVE down
Wave III:
Starting point: 8229.20
Target: 9434.94
1205.74 move UP! There is still a 306$ (3.25%) move up left for this wave?
Conclusion:
If you take into consideration the last 2 waves ( both waves have made 1591 - 1523$ gains) meaning that there is still a 306$ move up left for this wave.
On the other hand, as you can see, the price was rejected from the resistance line ( the red one) and the price is a little far from the 20 MA and a retest of it can be a possible scenario!
Also the RSI is on the sell zone.
Can this be bull trap or a it will be a retrace to the support zone?!
Let me know what do you think and what is your perspective for BTC!
Wave I :
Starting point: 6869.62
Target: 8460.88
1591.26$ move UP!
Retracement:
0.5 fib. level
783.76$ move down
Wave II:
Starting point: 7677.12
Target: 9200.70
1523.58$ move UP
Retracement:
0.618 fib. level
971.57
MOVE downWave III:
Starting point: 8229.20
Target: 9434.94
1205.74 move UP! There is still a 306$ (3.25%) move up left for this wave?
Conclusion:
If you take into consideration the last 2 waves ( both waves have made 1591 - 1523$ gains) meaning that there is still a 306$ move up left for this wave.
On the other hand, as you can see, the price was rejected from the resistance line ( the red one) and the price is a little far from the 20 MA and a retest of it can be a possible scenario!
Also the RSI is on the sell zone.
Can this be bull trap or a it will be a retrace to the support zone?!
Let me know what do you think and what is your perspective for BTC!
Not
It looks like the bulls are trying to breakout of the resistance( red line)Not
We are going to the 9741 target! İşlem kapandı: hedefe ulaştı
9741 target reached!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.