Hello, I am back with a new idea on the pair BTCUSDT time frame 15 minutes. I will share with you my idea in the long term and short term. Starting with the long term, in general BTC has entered a quite bearish trend for a while, however, it seems that it will get very soon to reversal point after a bit of consolidation and up and down move in the recent days. I expect an uptrend between second half of February and March.
In this chart, I will talk about the trend in the next days, in which I see a rising wedge forming with the potential of touching 37k or lower in the next few hours. Personally I think the potential target might be around 34-35k (hopefully does not lose this position), more likely touching the support area around 35.5k in the next two days. (RSI showing a small bearish momentum). There is quite a chance due to the long term perspective that if the trend beats the resistance at around 39k, we have a short bullish momentum to be followed. Keep in mind the targets and trade carefully. For any idea, you are free to comment. :)
In this chart, I will talk about the trend in the next days, in which I see a rising wedge forming with the potential of touching 37k or lower in the next few hours. Personally I think the potential target might be around 34-35k (hopefully does not lose this position), more likely touching the support area around 35.5k in the next two days. (RSI showing a small bearish momentum). There is quite a chance due to the long term perspective that if the trend beats the resistance at around 39k, we have a short bullish momentum to be followed. Keep in mind the targets and trade carefully. For any idea, you are free to comment. :)