Rick_trader7777

Well, in the daily timeframe, after reacting to the midline of the channel, we saw a correction towards 43180, as we mentioned in the previous analysis(you can see on my profile). During retracement of the previous correction trend, it is observed that buying volume decreased and the daily candle did not close above the resistance at 43180. So, we can expect a retest of the support at 40310 and the midline of the channel. The trigger for this scenario ✅✅ is closing below 42580 on the 4th or 5th of February. If today's(4th Feb) candle closes above 43180, this scenario is canceled❌❌.

"Well, we have reached the target we wanted and expected🔥🔥. Now we need to see the daily candle reactions towards the middle line of the channel, which may take a few days. If the volume increases in the direction of selling towards the middle line of the channel, we can expect the line to break down. Also, if the daily candle does not close above the resistance line of 40310, we cannot consider any long position or price increase."we see price broke 40310 but volume is decreasing so we cant trust to this break and It can only be a price increase based on saving profits and a LH than the previous LH of 43,180. But if the price stabilizes at 43180 , we can change our view to the market.

The price will rise up to the two sma 7 & 25(43700) collision point, and then we expect the price to correct to sma 99, which will also be the middle line of the channel"Well, we have reached the target we wanted and expected🔥🔥. Now we need to see the daily candle reactions towards the middle line of the channel, which may take a few days. If the volume increases in the direction of selling towards the middle line of the channel, we can expect the line to break down. Also, if the daily candle does not close above the resistance line of 40310, we cannot consider any long position or price increase."

Hello Today, October 11, 2023 >> In general, BTC is in a neutral and range trend from the middle of March 2023. BTC has been range in this box for these 8 months. It is too early to decide the market is bullish or bearish, and we have to wait to see which side the box will break. So don't rush to hold or wait for the btc to stabilize at the top of the box (30-31 thousand) and proceed to buy or enter by breaking the box from the bottom at prices lower than 25 thousand.