Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BTCUSDT
As we analyzed on February 8, we predicted a rise to happen and here we observe a rising trend after a little fall which means our expectation took place correctly. In this chart, R1 is our resistance area in which the unsuccessful triumphs of price is clearly seen. R2 used to be a support area. S3 used to be a resistance area. And S1, S2, and S4 are the support areas with their support of price at different points. At the present, the price is fluctuating in R1 after its rising trend to this area and we believe the price is able to give us two scenarios. By having some rising signs, an increase will happen to higher amounts such as R2 or more. But if the price is not supported at its current point and by having some falling signs, definitely it would face a decline to lower amounts including S1 or S2. You know that Bitcoin is in a critical condition at the moment so we suggest you to activate your stop-loss points due to the unstable situation of market. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BTCUSDT
As we analyzed on February 8, we predicted a rise to happen and here we observe a rising trend after a little fall which means our expectation took place correctly. In this chart, R1 is our resistance area in which the unsuccessful triumphs of price is clearly seen. R2 used to be a support area. S3 used to be a resistance area. And S1, S2, and S4 are the support areas with their support of price at different points. At the present, the price is fluctuating in R1 after its rising trend to this area and we believe the price is able to give us two scenarios. By having some rising signs, an increase will happen to higher amounts such as R2 or more. But if the price is not supported at its current point and by having some falling signs, definitely it would face a decline to lower amounts including S1 or S2. You know that Bitcoin is in a critical condition at the moment so we suggest you to activate your stop-loss points due to the unstable situation of market. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
