BTCUSDT. Selling and Buying Strategy
2024-11-01

Hello traders and investors! 

It’s time for a new analysis, as all the targets from the previous analysis have been reached, and the situation has changed.

 Daily Timeframe Analysis 
As a reminder, on the daily timeframe, a sideways movement was formed on March 5 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 73,777.

The buyer's vector 10-11 has reached its target at 72,797. At the end of the vector, a buyer's bar with increased volume was formed. Just below, a buyer's zone appeared (green rectangle on the chart, with the upper edge at 69,519). The price is currently testing this buyer's zone. We are waiting for the buyer's reaction.
The seller's vector 11-12 is now relevant, with potential targets of 52,550 and 49,000. At the same time, there are some signs that the price could update the all-time high (ATH): The seller's vector 9-10 broke the lower boundary of the range (point 4), but vector 10-11 has not yet broken the upper boundary (point 7).

 8H Timeframe Analysis 
On the 8-hour timeframe, a sideways movement was formed on July 29 (with point 4). The lower boundary is at 49,000, and the upper boundary is at 71,997.


The buyer's vector 5-6 successfully broke above the upper boundary of the range. At the end of this vector, a buyer's bar with increased volume was absorbed by the seller, who formed a seller's zone at the upper boundary of the range (red rectangle on the chart, with the lower edge at 71,864).
The latest sub-impulse on the 8-hour timeframe started from the 65,596 level. A buyer's zone is located at the base of this sub-impulse (green rectangle on the chart, with the upper edge at 67,890). The price is currently testing the level of the previous sub-impulse's end at 68,850. We are waiting for the buyer's reaction.
The seller's vector 6-7 is now relevant, with potential targets of 52,550 and 49,000. However, there are also signs that the price may update the ATH: the configuration of bars and volumes within the buyer's vector 5-6 shows that key volumes are located at the base of the vector.

 Summary 
On both the daily and 8-hour timeframes, the buyer's vectors within the ranges have played out. The seller's vectors are now relevant. The seller has begun to resume activity, and the price has entered a contextual buyer's zone. At the same time, there are signs on both the daily and 8-hour timeframes that the price could update the ATH. 
For this reason, it's advisable to look for short trades from the seller's zone protection on the 8-hour timeframe. It's also possible that the seller will form a seller's zone on the daily timeframe today if they absorb the buyer's bar from October 29.
Looking for long trades is reasonable from the buyer's zone protection on the daily or 8-hour timeframe, for example, in the 66,000–68,000 range.

 Good luck with your trading and investments! 
