Bitcoin - where will the price go? Levels to solve (BTC/USDT)More trading analyzes, on my channel - link in the description.
Hello dear friends.
At this time, it is being analyzed - Bitcoin - and its price direction.
On the chart, I have outlined everything you can, the main thing is to choose the right direction for yourself.
Now watch:
What happened today, and the price remained above 51750-52350, indicates that a LIMIT PLAYER has entered the game, which keeps the position from spilling the price.
This level is very important now, as it is the following: ZONE of the PRICE reversal - 49875 - 52265
If we assess all the risks and this abnormal growth, it should be filled not with the tail of the candle, but with a full candle or bar. To confirm the normal correction of the value in this mark (49875 - 52265)
There are also two zones of resistance
Global at 57195
Secondary: 54100 + at this level there are already 25% of the values on the margin grid.
(If the price closes above 25% of the margin, the price will be updated 50% and 100%
The same is true if the 51750 zone is broken - the price will be increased to 25% and there already 50% and 100%)
If the price manages to creak above this level, the price will be led to update the nearest top, as well as in the future to update 60000-66000.
Because there will be such output as: IMPULSE, CORRECTION, AND IMPULSE CONTINUATION.
Everything that is above the 51750 mark can be considered for long positions.
Short, can be considered only if the market maker's zone (red line at 50730) does not hold, Then you can look for an entry point to the short position, since the candlestick structure will be filled, and this correctional candle shadow will be overlapped
The red and green rectangles are the market maker levels, which my assistant bot works with.
Cluster analysis + large volume on this movement.
Amount of candles - indicates the strength of the buyer and that the trend will continue.
Indicators - are at their minimum values at 2-4-6h TF, which also suggests that now it is better to look for entry points in a in long position than in a short position.
But for me I would like to see a really tuning correction so that the structure of the candles is filled, and check the retest of the 48000 level again.
But I am not a market maker, I work according to what the chart, indicators, patterns and volume give me.
Also, I forgot to add - the previous recommendation is short, closed with a profit of 1600pips / $ and at breakeven.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
