Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
As we analyzed on January 31, we expected a rise for the price and in this chart we have this expectation happening correctly. In this chart, R1 is our resistance area in which the unsuccessful triumphs of price is obvious. S3 used to be a resistance area. And S1, S2, and S4 are the support areas with the support of price at several points. Presently, the price is fluctuating over S1 in an ascending channel. There we see a double bottom pattern and we believe the price will continue its falling trend to reach S1. Then by having some rising signs, an increase will happen to higher amounts for the price. But if the price is not supported at its current point, or it falls below S1, it would face a falling trend to lower amounts such as S2. We recommend you to have every piece of information and idea via our analyses for enjoying more profitable trades.
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
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
As we analyzed on January 31, we expected a rise for the price and in this chart we have this expectation happening correctly. In this chart, R1 is our resistance area in which the unsuccessful triumphs of price is obvious. S3 used to be a resistance area. And S1, S2, and S4 are the support areas with the support of price at several points. Presently, the price is fluctuating over S1 in an ascending channel. There we see a double bottom pattern and we believe the price will continue its falling trend to reach S1. Then by having some rising signs, an increase will happen to higher amounts for the price. But if the price is not supported at its current point, or it falls below S1, it would face a falling trend to lower amounts such as S2. We recommend you to have every piece of information and idea via our analyses for enjoying more profitable trades.
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
