Dear Traders,
Let me start by emphasizing that the following information is not intended as financial advice. I am merely offering an analysis of the current BTC market based on my observations of the charts.
As discussed in my previous video, BTC's price recently revisited an older monthly imbalance that originated in May 2022 and reclaimed about 50% of it. Upon closer examination of the daily and 4-hour timeframes, it appears that there is a notable shift in the market structure, indicating a potential move to the downside. Consequently, I anticipate the possibility of a 10% price drop from its current level at 34,540.
Market makers typically aim to avoid leaving liquidity untapped, and the next level they may target could potentially be around the support lows of approximately 24,850. Should BTC's price drop to this level, it would represent a decline of approximately 10%. It's important to note that such a substantial drop in BTC's price could trigger a significant impact on the broader crypto market, as we have witnessed in the past.
Please exercise caution and stay safe in your trading endeavors until our next update.
Best regards,
Lord Medz
Let me start by emphasizing that the following information is not intended as financial advice. I am merely offering an analysis of the current BTC market based on my observations of the charts.
As discussed in my previous video, BTC's price recently revisited an older monthly imbalance that originated in May 2022 and reclaimed about 50% of it. Upon closer examination of the daily and 4-hour timeframes, it appears that there is a notable shift in the market structure, indicating a potential move to the downside. Consequently, I anticipate the possibility of a 10% price drop from its current level at 34,540.
Market makers typically aim to avoid leaving liquidity untapped, and the next level they may target could potentially be around the support lows of approximately 24,850. Should BTC's price drop to this level, it would represent a decline of approximately 10%. It's important to note that such a substantial drop in BTC's price could trigger a significant impact on the broader crypto market, as we have witnessed in the past.
Please exercise caution and stay safe in your trading endeavors until our next update.
Best regards,
Lord Medz
Trade closed: stop reached:
update coming soon
Comment:
Comment:
43k could be the next TP.
Lord MEDZ
10-1 R:R