Long

BTC next path

Updated

This is a local idea for bitcoin from 10/22/2022 . The price of the asset has been moving within the range for more than a month. The price moves with complex corrective formations. And at the moment we see the work of big capital with the lower range of liquidity. Marked with green areas. At the same time, the global bottom has not been updated until this moment. At a price close to 18k, there is work for large orders. At the moment, the liquidity inside has been worked out. We expect soon to capture the created liquidity above the range and close the volume gap near 22k. At the same time, globally, the price should fully work out liquidity below the global bottom. And after that, form an accumulation zone within 20-30k. In order for large players to be able to accumulate the necessary volume .

Trade active

We are currently seeing the implementation of the plan. But. In the way, price formed two interesting zones. Watching 19900-19800 , 19700-19550. We can see the reaction. Keep watching.

Note

In the past moves we saw the manipulation of higher highs and after that the final withdrawal of liquidity and a sharp reversal to the downside. We expect a similar outcome this time. If the price breaks through 22860 and fixes higher. The plan will be canceled

Note

Higher high manipulation

Note

the price forms successive swings with decreasing volumes. Swing candles take the form of pin bars on high volumes. This allows us to conclude that there is a large distribution. The formation of another low high will strengthen this analysis

Note

The compression of liquidity above the range mentioned in the original plan was worked out. Volume gaps are almost completely closed. The price has rebalanced and is ready to fulfill its potential for liquidity renewal from below. But you need to be prepared for surprises. Be careful with your positions

Note

the bottom is broken

Trade closed: target reached

dikoex

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