Bitcoin, what's going on? Two main scenarios!!!
In the last idea, we said that the price could come to the marked liquidity zone.
It did, and we opened a scalp trade on a test of that zone. On the screenshot you can see the buy and sell point.
The trading system rebound from the accumulation zones has a high win rate. You can use this strategy in your trading.
What to do now?
If we analyze from the technical analysis side, there are two key levels of $45,492 and $41,925 on the chart.
The level of $45,492 acts as resistance and as a local high, it is very important that the price closes above the level to continue the upward movement. In case the price squeeze and closes above it, there could be a good buying opportunity.
If the price closes above, the next mark would be a liquidity gap. We wrote about this in more detail in this idea.
A bad scenario, in the event the price returns to the $41,925 level and the daily candle closes below that level. Why this is important we wrote in this idea.
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It did, and we opened a scalp trade on a test of that zone. On the screenshot you can see the buy and sell point.
The trading system rebound from the accumulation zones has a high win rate. You can use this strategy in your trading.
What to do now?
If we analyze from the technical analysis side, there are two key levels of $45,492 and $41,925 on the chart.
The level of $45,492 acts as resistance and as a local high, it is very important that the price closes above the level to continue the upward movement. In case the price squeeze and closes above it, there could be a good buying opportunity.
If the price closes above, the next mark would be a liquidity gap. We wrote about this in more detail in this idea.
A bad scenario, in the event the price returns to the $41,925 level and the daily candle closes below that level. Why this is important we wrote in this idea.
💚 Please like and subscribe to us to get more ideas like this.
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