BTDUSDT - 4H
BTCUSDT chart
4H time frame
Short term vision
After the drop of sharp, the market has been stopped for two days and suffered in some way, since the price of sharp has been small, it is expected to correct a part of this drop.
The upward trend line was able to support the price in the range of 22000, we also had a short-term upward trend line that broke the price and also an upward trend line that acted as resistance.
Since we are expecting a warning, the price can go up to the intersection of the upward and downward trend lines, and we also have this strong Cuomo cloud range, which is another confirmation of the correction, because the price will probably pull back, and also the 78 Fibo level is on this range. It has happened that it forms a very strong resistance range and the price is expected to go up to the range of 23400 and then fall.
Possible scenario:
1- Dealing with the downward trend line
2- pullback to the upward trend line
3- Collision with the red Como cloud
4- 78 Fibo level
Another scenario could be that after the sharp drop, the price will fall again with the formation of a flag pattern, which I think is less likely, and the first scenario means rising and correcting and then falling from the 23400 range is more likely.
4H time frame
Short term vision
After the drop of sharp, the market has been stopped for two days and suffered in some way, since the price of sharp has been small, it is expected to correct a part of this drop.
The upward trend line was able to support the price in the range of 22000, we also had a short-term upward trend line that broke the price and also an upward trend line that acted as resistance.
Since we are expecting a warning, the price can go up to the intersection of the upward and downward trend lines, and we also have this strong Cuomo cloud range, which is another confirmation of the correction, because the price will probably pull back, and also the 78 Fibo level is on this range. It has happened that it forms a very strong resistance range and the price is expected to go up to the range of 23400 and then fall.
Possible scenario:
1- Dealing with the downward trend line
2- pullback to the upward trend line
3- Collision with the red Como cloud
4- 78 Fibo level
Another scenario could be that after the sharp drop, the price will fall again with the formation of a flag pattern, which I think is less likely, and the first scenario means rising and correcting and then falling from the 23400 range is more likely.
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