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referring to the last analysis #btcusdt #Tecnicalanalaysis #bitcoin #BTC As I mentioned in my last post on December 21, 2023, I predicted that Bitcoin would experience a decline and pointed to the descent zone marked in red. As we can observe, Bitcoin reached that zone yesterday.
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BTCUSDT, referring to yesterday's analysis #BTCUSDT.P #TechnicalStudy #TechnicalAnalysis As we observe in today's chart, the analysis I shared with you yesterday is unfolding as anticipated. As seen in the chart with the upward green arrow, I predicted the price to move from the area of 42379.19 to the supply zone. Additionally, as foreseen, the price reached the supply zone and began to descend from this area, indicated by the descending red arrow. I also pointed to the region, marked by the red arrow, where I expect the price to reach in the coming days, and this area is a demand zone. and remember, I share my analysis for us to learn together and exchange experiences. It is not trading advice. You'll notice that I base my analysis on supply and demand, and today I introduced Fibonacci levels, which I find helpful in chart analysis. The third crucial aspect I rely on is Japanese candlesticks and the behavior of each candle. Ultimately, the summary of a candle, whether dominated by bears or bulls, is essential in guiding my analysis , Let's see what the future holds .
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#BTCUSDT.P We'll see what the future hides from us 😀
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