Bitcoin, what's going on?
Last Monday, I shared my views on BTC.
I was expecting the imbalance zone to be filled before the price started to rise again.
The price has not reacted at all and is currently around 62,000.
So what is happening?
While a panic effect is being felt, all you have to do is look at the BTC chart on HTF (here in Daily) to understand what's going on.
And we are currently close to an Order Block on a daily basis.
By returning to this zone, we have recovered all the liquidity zones I mentioned in my last analysis and closed the imbalance.
The setup is therefore a very attractive one to buy into, and I'm going to keep a close eye on how the price reacts over the next few days.
I'd be interested to hear your views on the market this morning.
Feel free to subscribe and boost this post if you liked my analysis.
Good trading and have a good week :)
I was expecting the imbalance zone to be filled before the price started to rise again.
The price has not reacted at all and is currently around 62,000.
So what is happening?
While a panic effect is being felt, all you have to do is look at the BTC chart on HTF (here in Daily) to understand what's going on.
And we are currently close to an Order Block on a daily basis.
By returning to this zone, we have recovered all the liquidity zones I mentioned in my last analysis and closed the imbalance.
The setup is therefore a very attractive one to buy into, and I'm going to keep a close eye on how the price reacts over the next few days.
I'd be interested to hear your views on the market this morning.
Feel free to subscribe and boost this post if you liked my analysis.
Good trading and have a good week :)
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