BTCUSDT Near Term Analysis
In all short term time frames (90m, 3hr, 6hr, 12hr and 24hr), the Green Line is above the White Energy, indicating upward pressure is present.
In the 3D and 6D timeframe, it also looks like there is still room for upward price action before exhaustion (until somewhere between 24th Feb and 2nd March). Once the White energy hits the 50 level, we could potentially see a correction or pullback.
We'll have another look at the chart next week.
Current price target for BTCUSDT is the 1.618 Fib level based on the 1D chart, ranging from 59549 to 63221 USDT.
This is somewhere between the Orange and Red Upper B Bands in the 3D timeframe. Of course, we could potentially go higher as well but we'll see!
In the 3D and 6D timeframe, it also looks like there is still room for upward price action before exhaustion (until somewhere between 24th Feb and 2nd March). Once the White energy hits the 50 level, we could potentially see a correction or pullback.
We'll have another look at the chart next week.
Current price target for BTCUSDT is the 1.618 Fib level based on the 1D chart, ranging from 59549 to 63221 USDT.
This is somewhere between the Orange and Red Upper B Bands in the 3D timeframe. Of course, we could potentially go higher as well but we'll see!
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