BTCUSD adequate analysis, big picture
1h:
BTCUSD is extremely bullish overall.
However during March and April we see
signs of local distribution and\or reaccumulation
in development, with most recent pressure into
direction of 59k.
So we are bullish on HTF, but a chance of local
pullback is high right now, at least until we start
to build demand chains to the upside
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BTCUSD is extremely bullish overall.
However during March and April we see
signs of local distribution and\or reaccumulation
in development, with most recent pressure into
direction of 59k.
So we are bullish on HTF, but a chance of local
pullback is high right now, at least until we start
to build demand chains to the upside
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Comment:
BTC stays low and bearish pressure is still there. The price action is not tradable as BTC went into sideways movement
