BTC/USDT weekly analysis in 13th/Feb/2022
Hi, crypto traders.
Last week, the candle continued to go up and broke 1st target: 60MA and 44,500USD to the upper side.
But after reaching 45,800USD, the price started to go down and already broke 5MA and 60MA to the lower side.
Now the sequential order is as follows.
100MA (black) > 60MA (green) > 5MA (red) > the candle > 20MA (blue).
If the candle goes up and breaks 5MA and 60MA to the upper side again, the trend will be uptrend.
On the other hand, if the candle goes down and breaks 20MA to the lowr side, the trend will be downtrend.
We shoud watch the next move carefully this week.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 43,000-44,000USD (Cross-point with 5MA & 60MA)
– 2nd target: 45,800USD (The highest price in 10th/Feb/2022)
– 3rd target: 48,000USD (Cross-point with 100MA)
◇BTC goes down:
– 1st target: 40,000-41,000USD (Cross-point with 20MA)
– 2nd target: 32,900USD (The lowest price in 24th/Jan/2022)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
Last week, the candle continued to go up and broke 1st target: 60MA and 44,500USD to the upper side.
But after reaching 45,800USD, the price started to go down and already broke 5MA and 60MA to the lower side.
Now the sequential order is as follows.
100MA (black) > 60MA (green) > 5MA (red) > the candle > 20MA (blue).
If the candle goes up and breaks 5MA and 60MA to the upper side again, the trend will be uptrend.
On the other hand, if the candle goes down and breaks 20MA to the lowr side, the trend will be downtrend.
We shoud watch the next move carefully this week.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 43,000-44,000USD (Cross-point with 5MA & 60MA)
– 2nd target: 45,800USD (The highest price in 10th/Feb/2022)
– 3rd target: 48,000USD (Cross-point with 100MA)
◇BTC goes down:
– 1st target: 40,000-41,000USD (Cross-point with 20MA)
– 2nd target: 32,900USD (The lowest price in 24th/Jan/2022)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
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