#BTC
Firstly, the market is
flat in the
$28500 - $31000 range and the price is
approaching the
resistance of this
flat.
Secondly, there is a
gap below the price, which will be closed this week with a
probability of
73%(statistic). Of course, there is also the
broken through
descending resistance, which had to happen, because of the horizontal borders of the flat.
Moreover, the market has a local
ascending vector, which the price tries to follow since the rejection from the descending boundary of the flat.
To sum up, we have:
• An
ascending vector;
• A horizontal
border of the flat from
above;
• A descending
trendline from
below;
• A fresh
gap from
below.
It is
reasonable to wait for the
rejection from the
resistance and a movement to close the
gap with a total probability of
±86 statistical
percent. This
probability will
decrease greatly if the
price manages to gain a
foothold above
$31k and maintain the ascending vector.
Then the
target of the movement will be
±$35k.
https://t.me/Crypto_Futures_Trading
