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Sunday, January 02, 2022

BTCUSDT

BTCUSDT

Bitcoin / TetherUS BINANCE:BTCUSDT

Hello Crypto Lovers,

Mars Signals team wishes you high profits.

We are in the weekly time frame. You can see that the price is fluctuating above the weekly resistance which is now acting as the support. Let’s go into the daily time frame and see what is happening. You can see that the price has hit our R1 line and made a pullback to S2. If the price stays above S2, we can expect it to go up to R1 and this time break R1. But if it is not able to break R1 we expect it to fall further. You can see in the 4-hour time frame that the price has hit our resistance line and is now ranging around it. If the price is able to break it, we expect it to move toward R1. There is also the possibility for it to hit S2 and then go toward the R1 line. We expect it to have some pump and dump in the coming days. We need to wait and see whether the breakout is from the above or from the bottom but from the above is more likely. We need to wait and see if the price can break R1 to move toward its next target which is R2. If R2 is also broken, the price can gradually touch the top of the channel which is $82650.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Wish you luck



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