Well friends, as you can see on the chart , according to the previous analysis , as we expected, the price reacted negatively after reaching the important resistance of 51700$ range and now is correcting from that range.
According to the previous analysis, the price rebounded (pullback) to the 20-Day Exponential Moving Average (EMA20) level , which overlaps with the Volumetric resistance of bitcoin , we expect 60% probability that the price will react positively to this range (50K) and attack the $ 51700 resistance for the second time. If the price loses its support in this range , it will 40% likely hit the $ 47,000 price again.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 26.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
According to the previous analysis, the price rebounded (pullback) to the 20-Day Exponential Moving Average (EMA20) level , which overlaps with the Volumetric resistance of bitcoin , we expect 60% probability that the price will react positively to this range (50K) and attack the $ 51700 resistance for the second time. If the price loses its support in this range , it will 40% likely hit the $ 47,000 price again.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 26.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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⚜️Send me a DM if you want to join the VIP 👉🏼 t.me/ArmanShabanTrading
▶️ Video Analysis on YouTube : www.youtube.com/@armanshabantrading
