BTCUSDT: TetherUS Bitcoin prices are now in the resistance zone, where the price of BTCUSDT is likely to go down to find the nearest support level of 9147.19, before continuing its ascent to the new highs (10370.00 – 10565.92).
Our observation for the moment is that BTCUSDT is at the level of tracking, a level at which we can buy and sell for a short time (scalping). However, the price pressure to jump to higher value is stronger than the price pressure to the lower.
Technically, within the timeframe (D1), there has been considerable rejection at the current resistance level of 9513.68. This further confirms that the price of BTCUSDT will drop to the level of the environment (9147.19 – 8818.00).
The drastic increase of 1323.10 (16.03%) from January 25 to 30, 2020, has shocked many scalping traders, but the increase was actually forecasted by us on December 16, 2019.
So we recommend buying BTCUSDT at the support level (9147.19 – 8818.00) until the price of BTCUSDT reaches the price level (10370.00 – 10565.92).
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An analyst that brings techniques from experience. Experience in the forex market since 2006. We see "price" in a different way.