Analysis By Onlytradings.com
Instrument: BTCUSDT
Time Frame: 1 Hour
Exchange: Bitget
Trading Type: Swing Trading
Recent Issues
On July 23, Ethereum ETF trading began on the New York Stock Exchange.
On the 23rd, Onlytradings.com revealed the BTCUSDT setup on their X post.
(Click here!!)
Based on the 1-hour to 15-minute candles for BTCUSDT:
BTC Time Setup:
HTF: Crab
->
MTF: Accumulation -> Distribution
->
LTF: Bat
The setups were matched as described.
And the results are as follows.. Haha.
As predicted, Bitcoin, which completed the BAT pattern in the LTF setup, showed an increase of over 6%. This sharp analysis allowed us to capture both the decline leading to the completion of the BAT pattern and the subsequent rise after it was completed.
The current perspective on Bitcoin aims to complete the Crab pattern in the HTF as the first objective.
The reason is that after completing the BAT pattern and rising, Bitcoin has maintained key levels well. If it continues to support the subsequent key levels as it did before, it is believed that the Crab pattern can be completed.
Key Point:
The most crucial factor is whether Bitcoin can maintain its key levels.
© 2024 onlytradings.com. All rights reserved. The information in this publication is for general informational purposes only and does not constitute professional advice. onlytradings.com assumes no responsibility for errors, omissions, or outcomes related to the use of this information. We maintain a neutral stance on all political matters, providing unbiased content that should not be interpreted as an endorsement of any political party, candidate, or policy. No part of this publication may be reproduced or transmitted without prior written permission. For inquiries, visit www.onlytradings.com.