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Analysis:
On the 3 min charts, BTCDown 3 candle confirmation occurred at around $1.144. This implies a current oversold condition for BTCDown. For safekeeping this time around, I waited for a 2-candle confirmation on the 5 minutes chart above the yellow moving average and a 1-3-candle confirmation above the lower white dotted fib line on the 3 min chart. This will be the safest oversold position for BTCDown.
based on this analysis, we should expect around 0.8% to 1.5% downward movement for BTC from this point. if you are really bearish, a 1.75% bearish move is within the realm of possibility between today.
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Analysis:
On the 3 min charts, BTCDown 3 candle confirmation occurred at around $1.144. This implies a current oversold condition for BTCDown. For safekeeping this time around, I waited for a 2-candle confirmation on the 5 minutes chart above the yellow moving average and a 1-3-candle confirmation above the lower white dotted fib line on the 3 min chart. This will be the safest oversold position for BTCDown.
based on this analysis, we should expect around 0.8% to 1.5% downward movement for BTC from this point. if you are really bearish, a 1.75% bearish move is within the realm of possibility between today.
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.