Today i made a overview of BTC/USDT.
The first thing i did was setting up the resistant and support levels. The moment
the levels were set, I moved on to the second part the overview. Looking for a ch-
art pattern. The chart pattern i found was a Descending triangle a bearish pattern.
Which had an bearish outbreak. For my prediction i use a parallel line, I set the
parallel line on top of the triangle and move it down. I move it down to the point
I meet the lowest end of the candle i drew it from. For a prediction i'm used to
continuing the line. In this case i stopped at the outbreak. And coincidental the
outbreak exactly hit the same place as my prediction did. The marked still gives
a bearish signal i used the RSI and MACD for a final certainty.
I hope you guys can learn something from this analysis.
best regards, Junktard
This analysis is for educational purposes only
The first thing i did was setting up the resistant and support levels. The moment
the levels were set, I moved on to the second part the overview. Looking for a ch-
art pattern. The chart pattern i found was a Descending triangle a bearish pattern.
Which had an bearish outbreak. For my prediction i use a parallel line, I set the
parallel line on top of the triangle and move it down. I move it down to the point
I meet the lowest end of the candle i drew it from. For a prediction i'm used to
continuing the line. In this case i stopped at the outbreak. And coincidental the
outbreak exactly hit the same place as my prediction did. The marked still gives
a bearish signal i used the RSI and MACD for a final certainty.
I hope you guys can learn something from this analysis.
best regards, Junktard
This analysis is for educational purposes only