Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
According to our previous analysis on October 26, we predicted a falling trend to happen and at the moment you see our prediction came true. There are R2 and R1 as our resistance areas which both contain the disability of the price to rise. S1, S3, and S2 used to be resistance areas and finally, S4 is a support area. Thus, we have the price fluctuating below R1 and our expectation would be a fall to reach S1. Here we must wait for some confirmation candles to rise and when this happens, an increase is predicted for the price up to R2. Even, if the price is not supported at S1, more decline is waiting for that.
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
According to our previous analysis on October 26, we predicted a falling trend to happen and at the moment you see our prediction came true. There are R2 and R1 as our resistance areas which both contain the disability of the price to rise. S1, S3, and S2 used to be resistance areas and finally, S4 is a support area. Thus, we have the price fluctuating below R1 and our expectation would be a fall to reach S1. Here we must wait for some confirmation candles to rise and when this happens, an increase is predicted for the price up to R2. Even, if the price is not supported at S1, more decline is waiting for that.
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
