ANALYSIS $BTC June 18
* On D1 frame: Yesterday's D1 candle continued to push the price down to the lower border of the price frame but then quickly pulled back and closed, forming a Bullish Pinbar candle with large volume, this shows that buyers have supported the price. very good at the important support zone (lower border of the price frame). Thus, BTC has twice created a false breakout through the lower border of the price range.
- In general, BTC continues to accumulate sideways in the trading range within the range of 66-72k, with the positive reactions of buyers at the lower border of the price frame, it is likely that BTC will have an upward rhythm to retest the upper border of the price frame. in the next few days.
* On the H4 frame: BTC reacted very positively at the lower border of the trading range when it formed a Double Bottom pattern on the H4 frame, this is a quite strong reversal signal. Therefore, the short-term trading idea is to buy BTC around the 65kx area, hoping that BTC will increase to retest the psychological resistance area of 70k.
TOTAL ANALYSIS 3
- Total 3 is returning to test the strong support zone 600B, this zone coincides with the EMA 200 so the possibility of Total 3 touching this zone will rebound. Therefore, it is likely that Altcoin will have another decline and then recover strongly in the next few days.
(This article represents my personal opinion, please refer to it)
