#Bitcoin - thoughts out loud #3
Updated
Good afternoon, dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
In my opinion, the distribution phase is coming to an end and we should expect liquidity to be withdrawn in the range of 22022 - 22292. How the price will behave in the future will be seen by the situation, perhaps professional operators will realize the orders they have in their hands due to a false breakout of the 22022-22292 range and we will see further growth in the instrument. Otherwise, we will go even lower.
In general, it is best to focus on liquidity withdrawal, after which it will be clear what the instrument will show, strength or weakness. Strength is needed to continue moving upward, weakness is needed to fall. What do you think about this?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
In my opinion, the distribution phase is coming to an end and we should expect liquidity to be withdrawn in the range of 22022 - 22292. How the price will behave in the future will be seen by the situation, perhaps professional operators will realize the orders they have in their hands due to a false breakout of the 22022-22292 range and we will see further growth in the instrument. Otherwise, we will go even lower.
In general, it is best to focus on liquidity withdrawal, after which it will be clear what the instrument will show, strength or weakness. Strength is needed to continue moving upward, weakness is needed to fall. What do you think about this?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win, sometimes you learn".
Trade active
I will continue with my opinion on this situation. If the price is kept in the range of 22292 - 22622, after which we see strength, we can expect a markup in the asset. If the instrument shows weakness in this range, I expect a further decline in price. Good luck to everyone!Trade closed: target reached
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