BTC Bull Run 1.11-4.1% 12 16 2022

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This strategy is also used Live by Green Lion Capital Social Trading on Zignaly.

This drop was predicted in the previous analysis. BTC became oversold at around $16,580. The entry zone is marked on the chart. Also, the candle confirmation was observed on the 3 min and 5 min charts. Below is an outline of potential TP points. This might also mark the beginning of a sideways movement before the market decide if it's going to attempt to try the 18k level again. At the moment, I'm totally bearish.

*** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.

Safe points to take profit:
T1: 1.11%
T1: 2.23%
T1: 4.1%

Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts.
Chart Count: 8

Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.