Disclaimer,
I am a crypto trader, minnow not big. I live somewhere in Asia. I do trading for learning and research purpose only. My intention is not to be a full time trader or give you the signals for your entry or exit. But yeah if you think I am sounding logical enough, you can sure make a call based on data in this blog. The only catch is I don't take any responsibility if you end up messing your portfolio. Ok so that's all. I am just trying to predict numbers here and will be analyzing "predicted numbers" after the results. Now let's begin!
BTC_USDT pair is doing fairly enough after FTX, BlockFi collapse. It is good to know that things are holding pretty well. However, falling exchanges are not at all a good mark on crypto's "history in making". Okay, so here are my calls based on my knowledge and experience.
If an upward breakout happens from this point of time then it can go as up as $17120. After reaching it, retest can be seen.
A big shoot up can go up as $17350.
At the moment, I can see consolidation happening and it is very likely to take upward or downward turn. If fall happens from this timeframe, it will likely to go as low as $16900-$16950 range.
As per candle pattern, it seems a bullish trend.
I am expecting a 0.5% change up and down. Currently it shows 0.6% up already so it can face a little resistance here or retest can happen.
The situation seems like it can provide a decent momentum which is necessary if you are scalping.
That's all for today, I will be sure going to post other alt coins prediction in future.
