BTCUSD

hello dear traders
I had a break in trade and now I am returning to trade because I believe that in the next month there will be an interesting situation on the market.
let's talk about the market. We all have seen a lot of hype and enthusiasm for the past two months. Many "experts" continue to say that we will go to a new bottom, some say about 2k-3k. others speak of a reversal of the market, a golden cross. All this is possible and I will not exclude such options. Everyone has an opinion. And now I will tell my opinion based on the facts.
Yes, indeed, we have a momentum up and after it an upward channel that moves from support lines to resistances, and we all see real volumes of interested players.

Golden intersection - yes, it really happened, but if you look at history in this way, traders are forced to enter trades, since the intersection of MA is indeed one of the signals for reversal. But the market must punish

The resistance level, as I said at the top of our upstream channel, is strong resistance in the range of 5900-6250 which we are unlikely to reach this time. Because firstly there will be a struggle for this level, the second one because more and more traders will lower their orders in order to sell or open a short position in a profitable manner.


buy and sell orders - shorts are a lot more than longs
Link
vcdepth.io/coins/bitcoin-btc

his information is not a recommendation to buy or sell

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Trade closed: target reached