I apologize for my absence as I was on vacation. In Iran, we celebrate the festival of Nowruz which revolves around the appreciation of nature and the earth’s rotation.
Now, let’s shift our focus back to analyzing this magnificent coin!
What happened to BTC before?
- It reached the QML.
It started a sharp upward movement after a divergence on the MACD .
It exited the ascending channel , however, not very convincingly.
- What should we do now? (My prediction)
Step 1: It will touch the FL area and create a long position there. This will involve minimal movement and will only be based on the stop loss.
Step 2: After this, it is expected to reach the trendline as shown on the chart. The target will be dynamic and will depend on following the price and trendline at the moment.
Step 3: Once it touches the QMC and QML, it will initiate a long movement until it reaches the target that I have shown.