BTC confuses the tracks

Updated

the price develops a corrective movement, but there is reason to believe that this movement is not yet a reversal. We have a weekly high, and apparently it can keep the monthly high if the price does not recover earlier according to the main plan. We believe this movement is only corrective before it will remove the main layer of liquidity this week, and the price will not reverse completely. Be careful. Big capital is gaining liquidity from both sides.

Note

if the price will form a liquidity sweep marked on the chart. There is a possibility of a range formation

Note

Red volumes continue to increase. For the area where we are, this is a bad sign. There is also a chance to see deviation from below. In this case, the range will be confirmed. Fears that the current position of distribution prices are increased

Note

the price is consolidating near the orange zone. We think if the price is going to make another upward movement on the upcoming news. The marked zone will be broken in order to collect the accumulated liquidity

Note

The actual breakdown of 20k will tell us about the breakdown of the ascending structure. After that, the price will either form a range with an upper limit of 21k. Or we will see the formation of a new top-down structure and the implementation of the original plan. There are chances to make another upward impulse. But the buyer is weaker every day

Note

we have a plan realising right now. Looking for price action. We guess so many liquidations happening at this moment. Need more information.

Trade closed: target reached

dikoex

Also on:

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.