yinfire

BTCUSDTPERP - Long position

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Continue the Wyckoff methodology and Volume Profile series, today I will do the analysis BTCUSDTPERP. As you can see after the sideway from Nov 10 until now, BTC holds the price range of 15k6 - 17k5. And from Dec 15 until now, the price is going down with the volume going down as well, is this the signal of low volume failed sales? Which plan do you prefer, orange or red? Personally, I'm following the orange plan. Can you share yours?

Which coins/tokens that you want me to do the next analysis?

As usual, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
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