Possible Continuance of BTC/USDT Reversal
Prediction: After a few more tests on the $48,800ish area on the hourly chart where there is some resistance, I think there will be a breakout to the bottom finishing before the end of the year to the $48,000 level.
This is my prediction due to the fact that BTC has broken through the 200ma 100ma and the 50ma along with the uptrend that has lasted since the 20th of Dec seemingly ending. I also saw what I think is called a golden cross of the 50 and 100ma signaling a downtrend coming.
The time for this prediction to run till would be 31 of Dec 2021 and no later than 2 of Jan 2022. I would also consider this prediction to be wrong if BTC hits around the $50,500 point.
DISCLAIMER: I have only started really looking into this technical analysis stuff over the last few weeks and am using this as a way to track my learning, if any person who is more experienced in this area would like to add a comment so I can learn more about this topic, it would be greatly appreciated. :)
This is my prediction due to the fact that BTC has broken through the 200ma 100ma and the 50ma along with the uptrend that has lasted since the 20th of Dec seemingly ending. I also saw what I think is called a golden cross of the 50 and 100ma signaling a downtrend coming.
The time for this prediction to run till would be 31 of Dec 2021 and no later than 2 of Jan 2022. I would also consider this prediction to be wrong if BTC hits around the $50,500 point.
DISCLAIMER: I have only started really looking into this technical analysis stuff over the last few weeks and am using this as a way to track my learning, if any person who is more experienced in this area would like to add a comment so I can learn more about this topic, it would be greatly appreciated. :)
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