BTC Bullish Forecast 10 12 2022

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Analysis:
BTC appears to be temporarily oversold at the moment because of VWAP crossing down multiple fib levels and the purple moving average is inside the center channel of the fib charts.
Furthermore, 3 candle confirmation above 3 min chart moving average was confirmed as well. It is anticipated that we might see a 1-2% upward today.

Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT, ETHUSDT, BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP, moving averages, and Fib charts.
Chart Count: 8

Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.