Margin Analytics 29.09.2020 btc/usdt Buyers couldn't pass mo | Your Crypto Boss

Margin Analytics 29.09.2020
btc/usdt

Buyers couldn't pass more than $10,900 and support for $10,780 couldn't resist. As described in yesterday's forecast, under these conditions Bitcoin returned back to range and cancelled the local upward scenario:

https://www.tradingview.com/x/5uxFG2B1/.

According to the force of downward movement, a further decrease to the lower limit of the range ($10,500 - $10,066) may follow in the near future.

In the longer term, a narrower range can be assumed to take the form of a triangle:

https://www.tradingview.com/x/5uxFG2B1/.

In this case, a decrease of $10,320 to $10,0400 can be expected in the near future.

If this model is confirmed, Bitcoin is still waiting for a decrease in the range of $8600-9000 after its formation:

https://www.tradingview.com/x/dWS80E0N/

So far, this medium-term forecast with a triangle is within the framework of the hypothesis. It will be cancelled if a breakdown of $11,100 occurs or if the sidewall continues to form within the range of $9800-10900. In this case, the potential triangle will simply collapse.


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