BTC movement pattern

Updated

Hi all) Doing an update on the structure. Now we observe the movement in sideways range on BTC - which is good fuel for altcoins) This model is shown to understand the most likely movement schematically) It makes no sense to analyze bitcoin on the timeframe below the daily, as narrow sidewall does not form anything interesting. There is an increase in volume over the last few days, as well as a rounding and a smooth increase in volume over the last three months. The price is pushing towards $25,000 and a lot of volume is being generated, but there is no result. This is very bad for a drop from the current levels. It is logical to put arrow there, because the main liquidity area is at 25k level) It is necessary to see the dominance growth for large scale growth of BTC. That is liquidity from alts or new money.

Note

38K

CHOWTRADE

Telegram Channel⏩ t.me/+aTlXBWnLy2Y4OTQ6

🔥Trade cryptocurrency on the exchange Bybit - partner.bybit.com/b/94881

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.