Will the uptrend break? CZBINANCE is up to the old?!
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
- Will the uptrend be broken?
WEEK RESULT:
Friends, the week turned out to be very hot for volatility, they removed liquidity both from above and below, and even removed my limit at 29,888, thereby averaging my entry point at $28,560
There are no special changes on the chart, the price of bitcoin continues to consolidate in one range, thereby accumulating energy for the next impulse, it remains to understand where this impulse will be directed.
TECHNICAL PART:
From a technical point of view, we have a "wedge" formation that worked perfectly on both sides, testing the support from below and after that we saw a $30,000 exit. You can say locally filmed both those and these :)
WHERE WILL THE PULSE GO?
Now it remains to wait for the next impulse, and I am still inclined to believe that it will be directed to a retest of 28,550 with a drop below to break the trendline, there is still a lot of liquidity that the MM is targeting. Plus, the indicator on the older timeframes is still short. (I do not rule out shooting upwards by 300-500 points).
ABOUT BINANCE US AND CZ:
By the way, remember the story about lawsuits against CZ, I wrote a detailed post about it, in general, all this FUD started to come out again, now they want to close Binance US, but why if there is almost no liquidity left? CZ refutes this information and leans back again with his crown "4".
YOU ARE READY?
I mean, guys, this empty news can again win back the market with a negative and again an unexpected take-out, because the market maker needs to create a movement in the market for something, and so, if you are reading this MM, you know we are ready for any movements !
- Will the uptrend be broken?
WEEK RESULT:
Friends, the week turned out to be very hot for volatility, they removed liquidity both from above and below, and even removed my limit at 29,888, thereby averaging my entry point at $28,560
There are no special changes on the chart, the price of bitcoin continues to consolidate in one range, thereby accumulating energy for the next impulse, it remains to understand where this impulse will be directed.
TECHNICAL PART:
From a technical point of view, we have a "wedge" formation that worked perfectly on both sides, testing the support from below and after that we saw a $30,000 exit. You can say locally filmed both those and these :)
WHERE WILL THE PULSE GO?
Now it remains to wait for the next impulse, and I am still inclined to believe that it will be directed to a retest of 28,550 with a drop below to break the trendline, there is still a lot of liquidity that the MM is targeting. Plus, the indicator on the older timeframes is still short. (I do not rule out shooting upwards by 300-500 points).
ABOUT BINANCE US AND CZ:
By the way, remember the story about lawsuits against CZ, I wrote a detailed post about it, in general, all this FUD started to come out again, now they want to close Binance US, but why if there is almost no liquidity left? CZ refutes this information and leans back again with his crown "4".
YOU ARE READY?
I mean, guys, this empty news can again win back the market with a negative and again an unexpected take-out, because the market maker needs to create a movement in the market for something, and so, if you are reading this MM, you know we are ready for any movements !
Related publications
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.