BTC/USDT weekly analysis in 19th/Feb/2022
Hi, crypto traders.
Last week, once the candle broke 5MA and 60MA to the upper side.
However, before reaching the highest price in 10th/Feb/2022: 45,800USD, the candle bounced and started to go down.
It already broke 5MA, 60MA and 20MA to the lower side.
Now the sequential order is as follows.
100MA (black) > 60MA (green) = 5MA (red) = 20MA (blue) > the candle.
Because MA lines are very close, it's difficult to predict the next move.
But normally, after MA lines getting closer, the candle suddenly moves with a big impact.
If the candle keeps under 5MA, the price will go down.
Conversely, if the candle breaks 5MA, 20MA and 60MA to the upper side, the price will try to break 45,800USD again.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 41,000-42,500USD (Cross-point with 5MA & 20MA & 60MA)
– 2nd target: 45,800USD (The highest price in 10th/Feb/2022)
– 3rd target: 47,000USD (Cross-point with 100MA)
◇BTC goes down:
– 1st target: 32,900USD (The lowest price in 24th/Jan/2022)
– 2nd target: 30,000USD (A nice round number)
– 3rd target: 28,800USD (The lowest price in 22nd/Jun/2021)
Enjoy your trading.
Last week, once the candle broke 5MA and 60MA to the upper side.
However, before reaching the highest price in 10th/Feb/2022: 45,800USD, the candle bounced and started to go down.
It already broke 5MA, 60MA and 20MA to the lower side.
Now the sequential order is as follows.
100MA (black) > 60MA (green) = 5MA (red) = 20MA (blue) > the candle.
Because MA lines are very close, it's difficult to predict the next move.
But normally, after MA lines getting closer, the candle suddenly moves with a big impact.
If the candle keeps under 5MA, the price will go down.
Conversely, if the candle breaks 5MA, 20MA and 60MA to the upper side, the price will try to break 45,800USD again.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 41,000-42,500USD (Cross-point with 5MA & 20MA & 60MA)
– 2nd target: 45,800USD (The highest price in 10th/Feb/2022)
– 3rd target: 47,000USD (Cross-point with 100MA)
◇BTC goes down:
– 1st target: 32,900USD (The lowest price in 24th/Jan/2022)
– 2nd target: 30,000USD (A nice round number)
– 3rd target: 28,800USD (The lowest price in 22nd/Jun/2021)
Enjoy your trading.
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