Margin Analytics 28.09.2020 btc/usdt The first confirmation | Your Crypto Boss

Margin Analytics 28.09.2020
btc/usdt

The first confirmation of continued local growth to $11400-11600 occurred, Bitcoin came out of the flat on a large volume, testing a resistance of $10950:

https://www.tradingview.com/x/nqjlnNrS/.

For the final confirmation of the ascending scenario to reach the levels of $11,400 to $1,600, a successful retest of the upper limit of the trade with a fixation above $1,780 or continued growth from the current with a breakdown of $11,000 is required:

https://www.tradingview.com/x/n90utcDQ/

If these conditions are not met, we can expect the price to return to the range ($10566-10780) with the risk of failure below.

I would like to point out that - on the weekly TF, the price is still supported by a 20 - day moving average, which indicates the strength of the uptrend and whether the price is in this trend:

https://www.tradingview.com/x/PGWpZ7TC/.

At the moment the moving one is in the range of $1,0188 - $10,200. This level I have indicated in all forecasts as a trigger for a deeper correction for btc.

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