BitcoinLong
Clear bullish intent in BTC, bullish imbalances still in charge
Weekly array is very supportive to bullish volume. As we can see, the nearest bullish imbalance zone (blue) was tapped as used as the new rally point as I always outline.
With the high of that imbalance bar being used as a very sharp level telling the algo to not allow closes below that high.
We will most likely not see any lower into the imbalance range besides the next monthly bear cycle as a safety net zone on the drop
With the high of that imbalance bar being used as a very sharp level telling the algo to not allow closes below that high.
We will most likely not see any lower into the imbalance range besides the next monthly bear cycle as a safety net zone on the drop
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.