Hello Hello TradingView community and my subscribers
How are you doing?
I wanna show you something different.
in the chart of BTCUSDT (Line Chart) We see the price movement into the channel.
every time the price touched the top of the channel, the pressure of the seller won and the price moved to the bottom.
even, the midline of this channel could held the price and put the price to the top.
Sometimes, the price could broke the midline and touch the bottom of the channel.
at this time, we have two PRZ zone in 24k and then 26K. BTC was rejected from 24K and it could not close over 24k. so we need correction and then retest 24k and if BTC succeeds to break 24k, the next PRZ is 26K.
in the end, I think 28k is the highest price and we expect to move down from there.
if we lose 17500, I expect the price to touch the bottom of the channel again in 10-12K.
this analysis will be updated soon.
please DON'T forget to like and share this analysis with your friends.
If you have any questions, you can write in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment. it would be my pleasure.
What do you think?
Are you agree with me?
wish you Health and wealth.
How are you doing?
I wanna show you something different.
in the chart of BTCUSDT (Line Chart) We see the price movement into the channel.
every time the price touched the top of the channel, the pressure of the seller won and the price moved to the bottom.
even, the midline of this channel could held the price and put the price to the top.
Sometimes, the price could broke the midline and touch the bottom of the channel.
at this time, we have two PRZ zone in 24k and then 26K. BTC was rejected from 24K and it could not close over 24k. so we need correction and then retest 24k and if BTC succeeds to break 24k, the next PRZ is 26K.
in the end, I think 28k is the highest price and we expect to move down from there.
if we lose 17500, I expect the price to touch the bottom of the channel again in 10-12K.
this analysis will be updated soon.
please DON'T forget to like and share this analysis with your friends.
If you have any questions, you can write in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment. it would be my pleasure.
What do you think?
Are you agree with me?
wish you Health and wealth.