BTC/USDT still Bullish or Bearish? 1 MONTH Graph
On this graph we use MacD 12 26 close 9 and Elliott Impulse wave 12345 with trendline and ellipse tools
It seems that we're going to end the wave 4.
on CMC we lost almost 7 billion USDT on the volume from $165 Billion to $158
If that would happen we're trying to reach the wave 5 which is $10400 and target 2 $12222
But if BTC continue to fall and break the red line on the MACD it will go below $8.6k to $8.3k.
Good buy: $8.5k and $8.6k
Target sell wave 5 and above.
Always put stop loss to manage your risk.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.