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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.

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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.

 

 

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And the results are as follows.. Haha.

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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.

 

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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.


 

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