BTC/USDT Symmetric Movements Forecast

3 giu 2021

In this forecast, we have used a "Symmetric" Approach to the recent movements of BTC/USDT pair. Since the fluctuations indicate a singularity in their trend angle (by -14 and +14) at both support and resistance, we adopted this approach. The analysis represents four strategies for high velocity and low velocity bullish and bearish markets. Despite of the unknown fundamental issues that affect the market trend, by considering them "null" Bitcoin bearish and bullish forecast seems to be valid in lower timeframes, including 1H and 15 Minutes. The estimations can be tested easily by trading on SynchroBit Hybrid Exchange.