Pay attention to how the price clearly falls by a degree or clearly grows by a degree, and then the local trend reverses.
Such a clear structure opens the eyes to the main goal of this formation.
1. Uncertainty - the zigzag forms local reversals up/down, thereby collecting liquidity during a decline, shorts do not stick.
2. Distribution of previously purchased cue balls to collect them in the $17-24k zone.
3. The formation of a falling wedge that will be noticed at the very last moment due to the direction of the crowd's thinking with TA books.
Nearest bottom zone April 22-23 $34444
Such a clear structure opens the eyes to the main goal of this formation.
1. Uncertainty - the zigzag forms local reversals up/down, thereby collecting liquidity during a decline, shorts do not stick.
2. Distribution of previously purchased cue balls to collect them in the $17-24k zone.
3. The formation of a falling wedge that will be noticed at the very last moment due to the direction of the crowd's thinking with TA books.
Nearest bottom zone April 22-23 $34444
Note
21:36-21:39 BTC will be dump more 1%. Time zone utc+3Trade active
The price of BTC exactly touched the circle I indicated for adding short positions and turned down. We are moving according to the scenario to 34444$
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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.
Related publications
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.