BTC/USDT Target Levels
High level correlation between BTC and S&P 500 makes VIX important.
As long as VIX continues to drop, upwards attacks can be expected for BTC. For VIX , 200 Daily Moving Average very important, we will see if its break down there.
My prediction: Price goes to TP1 Area (7% profit) -----> VIX MA200 impact -----> if it's break ------> TP2 Area (20% profit)
As long as VIX continues to drop, upwards attacks can be expected for BTC. For VIX , 200 Daily Moving Average very important, we will see if its break down there.
My prediction: Price goes to TP1 Area (7% profit) -----> VIX MA200 impact -----> if it's break ------> TP2 Area (20% profit)
Comment:
We may see the price retreats to 19400 area, it's normal.
Comment:
Sorry for not updating this strategy. I didn't open any position on BTC before FTX crash and market turmoil. I decided to buy Tradingview PRO version. I figured it out volume profile indicators really rewarding. Nonetheless this long strategy closed itself with TP1. I will keep sharing my work next days.