BTCUSDT, 50.5% vs 49.5% Chance For Day!
If BTC goes higher, the target would be around 14.4k. It is the upper band of the Up channel.
Now, it is at the center line of this channel Also, a chance of reversal at any time.
Strength is exhausted compared to previous peak at $14,089. That second my point of abovementioned reversal.
I think partly is because of the US Election final results which is the fundamental analysis. And this depends on the 49.5% chance of up a little more to 14.4k.
The 1D, 2D, 1W charts are already showing the hanging man candle sticks. This means a reversal is possble.
To get to a higher high, like say, 16k, it needs a minor correction.
On a broader view, it is still up trend (a little bit more) because my analysis dated early September is showing the final impulse wave of this BTC up trend since March '20.
Perhaps, only end of this week will show more clearly in the chart.
If BTC goes higher, the target would be around 14.4k. It is the upper band of the Up channel.
Now, it is at the center line of this channel Also, a chance of reversal at any time.
Strength is exhausted compared to previous peak at $14,089. That second my point of abovementioned reversal.
I think partly is because of the US Election final results which is the fundamental analysis. And this depends on the 49.5% chance of up a little more to 14.4k.
The 1D, 2D, 1W charts are already showing the hanging man candle sticks. This means a reversal is possble.
To get to a higher high, like say, 16k, it needs a minor correction.
On a broader view, it is still up trend (a little bit more) because my analysis dated early September is showing the final impulse wave of this BTC up trend since March '20.
Perhaps, only end of this week will show more clearly in the chart.
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626
"Trend charting as a pastime."
626
"Trend charting as a pastime."
1D Chart
2D Chart
1W Chart