Technical analysis BTCUSDT for 04.01.2024
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 43500. The closest resistance is the level 44400
Key levels
- 45000, 44400, 43500, 43000, 42500
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 43500, with Take Profit of 44400 and Stop Loss of 43000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 43000, with Take Profit of 42500 and Stop Loss of 43500
Scenario
Recommendation
BUY LIMIT
Entry Point
43500
Take Profit
44400
Stop Loss
43000
Key Levels
45000, 44400, 43500, 43000, 42500
Alternative scenario
Recommendation
SELL STOP
Entry Point
43000
Take Profit
42500
Stop Loss
43500
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.