BTC/USD trend analysis
Overview:
Weekly: - uptrend.
Daily : - Price is in the downward adjustment zone and shows signs of going up.
- Today's closing price is higher than ma10 with the full body candle having a larger amplitude than the previous candle, potentially signaling an upcoming daily increase.
- The two MACD price lines are about to intersect, signaling the end of a correction and a shift to a new trend.
- Measuring fibo from the bottom to the most recent peak will see that the 61.8 fibo level is where the price reacted strongly and formed a new bottom there and confluence with the round number area of 60,000 USD, signaling another price increase.
Act
- The price cuts the daily frame above MA10 after adjusting to decrease and cuts around MA10 3 times and closes above MA10 and gives one entry point to Daily order.
- The nearest profit target targets the round number area of 80,000 USD and is also the amplitude area for the previous increase.
buy
entry: 66800.00
SL:59500.00
TP: 80000.00
The wrong scenario is when the price breaks the bottom of 60,000 USD and goes down.
Overview:
Weekly: - uptrend.
Daily : - Price is in the downward adjustment zone and shows signs of going up.
- Today's closing price is higher than ma10 with the full body candle having a larger amplitude than the previous candle, potentially signaling an upcoming daily increase.
- The two MACD price lines are about to intersect, signaling the end of a correction and a shift to a new trend.
- Measuring fibo from the bottom to the most recent peak will see that the 61.8 fibo level is where the price reacted strongly and formed a new bottom there and confluence with the round number area of 60,000 USD, signaling another price increase.
Act
- The price cuts the daily frame above MA10 after adjusting to decrease and cuts around MA10 3 times and closes above MA10 and gives one entry point to Daily order.
- The nearest profit target targets the round number area of 80,000 USD and is also the amplitude area for the previous increase.
buy
entry: 66800.00
SL:59500.00
TP: 80000.00
The wrong scenario is when the price breaks the bottom of 60,000 USD and goes down.