BTCUSDT SPOTUpdated BTCUSDT
Bitcoin Analysis for the New Work Week: Currently, Bitcoin is in the accumulation phase, and according to Wyckoff's theory, two things could happen—either a sharp drop or a sharp rise in the asset. However, based on the current logic, I expect a slight correction downward, where I will be looking to consider a further purchase of the asset.
Trade closed: target reached
All liquidity on the local timeframe and all the retail traders' stop losses have been successfully collected. A short position was opened from the imbalance. Now, it's time to look for an entry point for a long position!
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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.