IgorPorokh

Bitcoin Dollar BTC USD

BITFINEX:BTCUSD   Bitcoin
Go through the current situation. It is very important and significant that the volume for the purchase appeared in the altos at night, it seems that we are close to the end of the discharge. I adhere to the position that under the current scenario a new drain on a new bottom cannot develop, it’s painfully strongly pinning the alt to the loya at the current price of the cue ball, usually done smoothly and evenly, and in the case of a strong BTC strait, the altcoins will update the bottom. I do not readily believe.

As for bitcoin.
Let's pay attention to how on the graph to the left, judging by the delta, the crowd was selling very actively, at an extremely high volume in the same range of $ 4,850- $4,700. Marked this area on the right is also a rectangular area. Also, the setup on which the price moves also does not yet resemble the beginning of a drain, we dropped the shortsists out of range, before collecting liquidity below and gaining a position on the feet. After a set of positions on the feet, the crowd continues to panic push the price down, this is already bought out quietly with limits. At 1H, we already have a convergence that can push the price back into the range, so I see two main options later:
We are returning to the range of procurement and a couple of days in the range to complete, unloading the turkeys
Also sensitively suppress to $ 4800 but they don’t strike in order not to let the crowd first of all get out of the shorts who collected them in that zone, and secondly they will collect the positions of alarmists who will experience that they have struck $ 5000




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