OWing to the MP and TPO's
The current market profile indicates that Bitcoin has recently experienced a sharp move up, forming a double distribution structure with value areas clearly separated. Price attempted to hold above the upper distribution’s value area high but failed and is now back inside the lower distribution, suggesting rejection at higher prices. This opens up a potential short opportunity if price retests the 109650 to 110000 zone and shows weakness, with a possible target near 107300 to 107000 where the previous low-volume node and value area low are located. On the other hand, the area around 106600 to 106800 has acted as a strong support zone during the earlier rally. If the price moves down and shows signs of absorption or support near this zone, it may offer a favorable long opportunity back toward 108300 to 108500, where the previous value area high lies. The market is currently in a responsive phase, and directional bias should depend on how price reacts around these key zones.
What i see is what i learned, and i do expect a straight fall down but cant forget the small OB which can pull things up! Sideways momentum to NEW ATH
The current market profile indicates that Bitcoin has recently experienced a sharp move up, forming a double distribution structure with value areas clearly separated. Price attempted to hold above the upper distribution’s value area high but failed and is now back inside the lower distribution, suggesting rejection at higher prices. This opens up a potential short opportunity if price retests the 109650 to 110000 zone and shows weakness, with a possible target near 107300 to 107000 where the previous low-volume node and value area low are located. On the other hand, the area around 106600 to 106800 has acted as a strong support zone during the earlier rally. If the price moves down and shows signs of absorption or support near this zone, it may offer a favorable long opportunity back toward 108300 to 108500, where the previous value area high lies. The market is currently in a responsive phase, and directional bias should depend on how price reacts around these key zones.
What i see is what i learned, and i do expect a straight fall down but cant forget the small OB which can pull things up! Sideways momentum to NEW ATH
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Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
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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.
Official Telegram Channel : @mastaishere | 〽️agic Begins 🪄 with 〽️astaCrypta! |
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
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.