BTC/USDT the wedge??

17 déc. 2023

Hello friends

By checking the chart in:

Monthly time frame:
- Close to strong resistance
- Stoch RSI; Nearly 100
- MACD; bullish and has not yet shown a signal of decline

Weekly time frame:
- Bearish candle with long shadow at the bottom
- Stoch RSI; Close to 100, and tend to decrease
- RSI; Close to 100, and tend to decrease
- MACD; bullish and has not yet shown a signal of decline

Daily time frame:
- Wedge formed
Price close to resistance
- Stoch RSI; Close to zero, but the signal has not returned
- RSI; Above 50, and tend to decrease
- MACD; At the peak and the tendency to decline


4H time frame:
- Wedge formation, and tendency to decrease
- Stoch RSI; Close to zero
- RSI; Below 50 and decreasing
- MACD; In range, and tend to decrease

In smaller time frames, a downward trend is seen

* I think the price trend will be downward soon
However, if the wedge breaks to the upside, it will turn down again after hitting the resistance zone

be profitable

Thank you for expressing your opinion with likes and comments

4 févr. 2024

Transaction en cours

I still believe in the continuation of the trend in this analysis