BTCUSDT Basic Analysis and sideways Trading
Over the last few days the basic trending pattern seems to be for Day Trades / Scalping.
Pattern / Trending: Sideways movement
Profit Range: 5.42% Up & Down
Resistance Level: $4,050
Support Level: $3,840
I believe major movements Up & Down will come from Fundamentals and minor movements will be made from TA. Keep an eye out on news from China for a major buy / sell opportunity or breaks in support and resistance for minor changes.
This a basic analysis not as in depth as others but will help people who are new to trading Crypto and BTC. I like to keep things simple.
Good Trading!
Dan
Pattern / Trending: Sideways movement
Profit Range: 5.42% Up & Down
Resistance Level: $4,050
Support Level: $3,840
I believe major movements Up & Down will come from Fundamentals and minor movements will be made from TA. Keep an eye out on news from China for a major buy / sell opportunity or breaks in support and resistance for minor changes.
This a basic analysis not as in depth as others but will help people who are new to trading Crypto and BTC. I like to keep things simple.
Good Trading!
Dan
New psychological support $3,800 if breaks could see slip to 3760 ish
Candlestick on 30min chart more than 50% outside lower bollinger band. Possibility to swing up side RSI coming into oversold territory.