Okay, so let's discuss the current situation - BTC is flat.
This might be a small accumulation phase before a breakout around 28.8k, where sellers could potentially enter the market again. But why there?
1. This could be a channel with highs and lows.
2. There is a clear resistance level on the chart at 28k.
3. More liquidity is needed to accumulate before selling.
4. Because it's a flat market, BTC's direction is uncertain. It could go anywhere, mostly up maybe? ;)
5. The largest liquidity is still expected at 25k.
I will be looking for a possible short position after reaching 28.8k. However, it depends on the volume and market impulses. If they are strong, I wouldn't start shorting a demand, as that would be a mistake. Any longs? Maybe on a 1H breakout and after some confirmations ~27.3k
This might be a small accumulation phase before a breakout around 28.8k, where sellers could potentially enter the market again. But why there?
1. This could be a channel with highs and lows.
2. There is a clear resistance level on the chart at 28k.
3. More liquidity is needed to accumulate before selling.
4. Because it's a flat market, BTC's direction is uncertain. It could go anywhere, mostly up maybe? ;)
5. The largest liquidity is still expected at 25k.
I will be looking for a possible short position after reaching 28.8k. However, it depends on the volume and market impulses. If they are strong, I wouldn't start shorting a demand, as that would be a mistake. Any longs? Maybe on a 1H breakout and after some confirmations ~27.3k
Trade active:
Short 28.4k
Comment:
this is the shit I was waiting for GZ
Comment:
The channel is REAL
Comment:
$$$$$$$$$$$$$
Comment:
Looking for a long from 27.5 (if 1D break out impulse + Channel break out) or 25.5 if (low retest will happen). I wouldn't recommend to enter in the middle like right now. It's completely not clear.
