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BlockTeam
BTCUSDT Bitcoin has been able to record 4 strong bullish candlesticks consecutively in the monthly time frame, which can be a warning for a correction. In the weekly time, after a good rally last week, it is possible to register a base candle that this week's candle is still trying to break the ceiling or floor of this candle, i.e. the price area (40222 - 43804). According to the trend of suffering that has formed in the daily time frame in the base area, we expect correction up to the area of 40222. But the important thing is the valid failure of the base zone specified in the weekly time, which, considering the remaining time for the closing of this candle, may be able to determine the fate of the market for the next day. If the bottom of the base area is broken, the future targets can be the price of 36400 and 30000, and if it crosses the base of the important supply area, the price is 47980. We expect a good correction after the price hits this area. In the lower times, we see the twin ceiling pattern, which, if confirmed and validly broken, can be a strong evidence for validly breaking the floor of the weekly base area and moving up to the announced targets.The downside scenario is more likely to be realized
BlockTeam
"" This signal is the new ' BLOOP ' Academy Bloop indicator. "" Signal guide: - The white and blue colored lines are possible support and resistance areas and the price will react to them. - The area of the pale blue line is the point of entering the position. - The red line is the stop position point. - Green lines are safe targets and yellow lines are more risky targets than green lines * Please be careful to enter the position only in the area of the blue line. * After the second target, place your stop under lead line 2 or at the entry point to be risk free. ⭕️You can see detailed information in the panel ⚠️This is an offer and all responsibility and capital management is with you. If you want more information, contact us. BlockTeam
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