BTC/USDT still Bullish or Bearish? 1 MONTH Graph

On this graph we use MacD 12 26 close 9 and Elliott Impulse wave 12345 with trendline and ellipse tools

It seems that we're going to end the wave 4.

 on CMC we lost almost 7 billion USDT on the volume from $165 Billion to $158

If that would happen we're trying to reach the wave 5 which is $10400 and target 2 $12222

But if BTC continue to fall and break the red line on the MACD it will go below $8.6k to $8.3k.

Verdict:

Good buy: $8.5k and $8.6k

Target sell  wave 5 and above.

Always put stop loss to manage your risk.

Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)

Disclaimer: This is for educational purposes,it is not intended as a financial advice.

The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.

#Trend Analysis

#Chart Patterns

#Wave Analysis

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