BTC / USDT

Hi guys, As mentioned in the previous post, one should be a little cautious about the uptrend for these reasons:

1. Currently the price is at the end of a parallel ascending channel.
2. Although the weekly MA 20 and MA 50 are broken, there is still no candle to confirm it in the weekly timeframe.
3. The daily MA 200 is still above the price range.
4. We are close to the end of the month and there is a possibility of many changes at the end of the monthly candle.
In addition to the above, a bearish butterfly harmonic pattern can be seen in the diagram.

Finally, we think that if the monthly candle is closed under yearly open tonight, the depth of correction will be greater.

If you find this post useful, give it a thumbs up, share your thoughts in the comments, and feel free to spread the word. 👍

Komentar:

view update