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mari_trade
Aug 21, 2023 8:20 AM

BTC: 24 800$? 

Bitcoin / TetherUSBinance

Description

Hi all!
BTCUSDT

✔️W. The week ended with an aggressive decline at $26,189, reaching the DM zone and completely filling imb W. There was also a 0.5 wick test for the month.
✔️There is one more imb W below and a liquidity point (marked at $24 800)



🏳️If there is no setup for purchases at the current positions, then we are more likely to see a withdrawal of $24 800 and an imbalance test

🏳️More locally on the daily TF, I consider a correction from falling into the $26 830-$28 730 zone



❗️Not a financial recommendation, before entering into a particular transaction, conduct your own analysis of the asset
Comments
Solldy
Pretty detailed analysis. Thank you for your work, colleague! Of course, I miss the candlestick analysis, taking into account the dynamics of volumes, but that would be too detailed)
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