My technical analysis #BTC for Monday.
At the moment (November 9, 1:02 UTC+3), the price is #bitcoin $74620,
- the potential of bears and bulls is roughly equal at 49/50;
- probability thresholds: above 76030, upward; below 75645, downward;
- convergence is strong, signaling a decline;
- RSI is oversold;
- order block range: 75527 - 76210;
- the "3 candles descending to the bottom" pattern suggests a possible reversal upward;
- CCI is negative;
- 1-day moving averages are above the price, creating downward pressure;
- market strength is pointing toward a price decline;
- the overall probability of a price decline is 73%.
Thus, taking this and much more into account, the likely BTC price fluctuation range for Monday is:
Upper range: 76200 - 76800.
Lower range: 73500 - 72530.
P.S.
My technical analysis outlines the current situation, takes past statistics into account, works with probabilities, and does not guarantee that things will happen exactly this way. Do your own research and manage your risks.
#Binance
At the moment (November 9, 1:02 UTC+3), the price is #bitcoin $74620,
- the potential of bears and bulls is roughly equal at 49/50;
- probability thresholds: above 76030, upward; below 75645, downward;
- convergence is strong, signaling a decline;
- RSI is oversold;
- order block range: 75527 - 76210;
- the "3 candles descending to the bottom" pattern suggests a possible reversal upward;
- CCI is negative;
- 1-day moving averages are above the price, creating downward pressure;
- market strength is pointing toward a price decline;
- the overall probability of a price decline is 73%.
Thus, taking this and much more into account, the likely BTC price fluctuation range for Monday is:
Upper range: 76200 - 76800.
Lower range: 73500 - 72530.
P.S.
My technical analysis outlines the current situation, takes past statistics into account, works with probabilities, and does not guarantee that things will happen exactly this way. Do your own research and manage your risks.
#Binance