Today is our birthday – 2 years since two friends – traders created the PS Trade project
And although we have different approaches to analysis and different styles of trading, we are united by the desire to diversify our working days and share the experience with society that we have gained over many years of trading cryptocurrencies.
For two years of public work, we have published more than 1500+ forecasts on Tradingview, but the quality of their work is for you to evaluate.
On the occasion of our holiday, we would like to present to you a k-k-combo forecast – analysis of the BTCUSDT trading pair
The Bitcoin chart shows:
- Hann’s box, which shows critical trend breaks on a global chart
- Fibonacci levels on different timeframes, which historically work well as support and resistance levels, and also indicate future directions
- as well as Fractal analysis – which shows the psychology of the behavior of market players.
The minimum program is the growth of the BTCUSDT price according to the blue fractal and the achievement of the goal of $117-120 thousand in the spring of 2023.
The maximum program is the movement of the price of BTCUSD in a white fractal and $365 thousand per BTC in late summer – early autumn 2023.
The critical zone, where the global trend can change its direction of movement to growth, is in the zone of $32-37 thousand.
If the price of BTCUSDT cannot be fixed above this zone, then the apocalyptic scenario that we published at the beginning of May 2022 with targets below $12-14 thousand will be relevant.