BTCUSD Ascending Triangle
In BTC, the pulse of the market is measured by continuous movements. When we look at Binance, short positions show weight. From here, we can conclude that the result of this horizontal movement can be upward with at least a 60% probability. There is a gap on the futures side around 35K, but there is also a gap at the 69K level after the 31K drop, and this will need to be filled. Also, a rising triangle formation has formed in btc, and if an upward break comes, it shows us the 31,060 level, which I don't think is exactly a coincidence. In case of relegation, it also shows us the level of 25.229.
Bollinger has a good tip. I mentioned on the chart that a purple uptrend has formed in btc. This point is currently at the same level as the central band for 4 hours. So we can see a retreat from here. This retreat shows us 27,916 for the moment. There is no other situation than this. There is no need to mention it on a daily basis, because the middle bollinger band remained at 24,092, I don't know if we will see a sudden pullback with the fed decision tonight.
On the EMA side, the EMA 20 managed to rise to about 27,831. We may see a retreat or at least a needle towards here, but I don't think so. It will continue to move slightly horizontally, so that the EMA 50 level will sit above the rising trend of 16,961 and provide a better area for testing. The EMA 50 level is currently showing 26.577.
Unfortunately, I can't comment on the RSI side because it is connected to the constant and does not give a signal. We can say that the incompatibility in the RSI does not work. if the 28.279 resistance is broken, the RSI can support the rise by giving an upward direction.
MACD supports the situation I mentioned above. The red candles tell us that the market has not strengthened too much in the negative direction and the signal lines have not fallen below 0. With a single hard move, it can give us a strong purchase signal. Otherwise, the weak selling signal will continue on the MACD side.
We are on an important day for leveraged traders, the FED Interest Rate decision will be announced at 21.00 in the evening. The expectation is that 25. on the side, our famous lawyer Jerome Powell will make a statement later. if it increases by 50 points, we may see a sharp decline. If 25 Points are announced, it can continue on its way after a slight retreat, I interpret the slight retreat here as 26.380. if he declares it as 0, the festive mood will start and BTC will continue its way with Dominance support. November altcoins will be suppressed a little if I mean by dominance support it will continue with money inflow and if this happens November altcoins will be suppressed a little. There is no problem here, it always happens on the ascents.
If you liked my analysis, please share it with me in the comments. A lot of wins for everyone.
Bollinger has a good tip. I mentioned on the chart that a purple uptrend has formed in btc. This point is currently at the same level as the central band for 4 hours. So we can see a retreat from here. This retreat shows us 27,916 for the moment. There is no other situation than this. There is no need to mention it on a daily basis, because the middle bollinger band remained at 24,092, I don't know if we will see a sudden pullback with the fed decision tonight.
On the EMA side, the EMA 20 managed to rise to about 27,831. We may see a retreat or at least a needle towards here, but I don't think so. It will continue to move slightly horizontally, so that the EMA 50 level will sit above the rising trend of 16,961 and provide a better area for testing. The EMA 50 level is currently showing 26.577.
Unfortunately, I can't comment on the RSI side because it is connected to the constant and does not give a signal. We can say that the incompatibility in the RSI does not work. if the 28.279 resistance is broken, the RSI can support the rise by giving an upward direction.
MACD supports the situation I mentioned above. The red candles tell us that the market has not strengthened too much in the negative direction and the signal lines have not fallen below 0. With a single hard move, it can give us a strong purchase signal. Otherwise, the weak selling signal will continue on the MACD side.
We are on an important day for leveraged traders, the FED Interest Rate decision will be announced at 21.00 in the evening. The expectation is that 25. on the side, our famous lawyer Jerome Powell will make a statement later. if it increases by 50 points, we may see a sharp decline. If 25 Points are announced, it can continue on its way after a slight retreat, I interpret the slight retreat here as 26.380. if he declares it as 0, the festive mood will start and BTC will continue its way with Dominance support. November altcoins will be suppressed a little if I mean by dominance support it will continue with money inflow and if this happens November altcoins will be suppressed a little. There is no problem here, it always happens on the ascents.
If you liked my analysis, please share it with me in the comments. A lot of wins for everyone.
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