Bitcoin - A small analysis of the situation. BTC/USDT
Hello dear traders.
I ask each of you to read my comments, look at the chart correctly, and keep an eye on the 29500 level.
Again, I want to congratulate each of you who are following my trading ideas. We earn both long and short positions with you.
I know that many "stupid traders recommend that you buy and open long positions at every level" But I strongly advise against trading this way - because if what I am writing about is confirmed, long positions will be very painful in the next month.
For me, the long will be globally only when I see the price go beyond the level of 36500. And now, the fall
Also, thanks to all those who communicate with me in the messenger of this platform. Even when you do not have time, I try to find good entry points for everyone in this or that position. (I congratulate you too) I am glad that you earn with me.
Now about analyzing the market situation.
As I promised you. Why did I open a short position near a strong level and what do I expect next.
The short position was opened, as on the chart yesterday there was a false breakout of the main triangle, the price returned to the range at which there is a market maker's level - exactly the one that is now fixing its profit from longs.
Further, according to my personal bot, I have daily goals. (if you remember, I wrote to you many times - that every trading session has its own range of work, as well as marks - which have their own price marks.
Now about analyzing the market situation.
Now about the analysis.
At 2h TF, RSI - touched 22.25 - for me this is a short position.
Second, I have already written many times that cluster analysis indicates the distribution of the position, that is, the sale of bitcoin by a strong player into weak hands.
Third, we had false breakouts in the global triangle, which is a bearish pattern and indicates a trend change.
But there is one but - which warns me about the moment at which the price can reverse, quickly, on impulse, and lead out of the global triangle - this is the order book at 29500. You need to carefully monitor this level.
But I'm still waiting for the fall. Since the price is being driven to close, these long tails that we had.
If the price closes below 29500 on the daily TF ... This is the first sign that at the beginning of next month there will be a "bloody sale" and the price will be brought to such marks as 24000-22000
I ask each of you to read my comments, look at the chart correctly, and keep an eye on the 29500 level.
Again, I want to congratulate each of you who are following my trading ideas. We earn both long and short positions with you.
I know that many "stupid traders recommend that you buy and open long positions at every level" But I strongly advise against trading this way - because if what I am writing about is confirmed, long positions will be very painful in the next month.
For me, the long will be globally only when I see the price go beyond the level of 36500. And now, the fall
Also, thanks to all those who communicate with me in the messenger of this platform. Even when you do not have time, I try to find good entry points for everyone in this or that position. (I congratulate you too) I am glad that you earn with me.
Now about analyzing the market situation.
As I promised you. Why did I open a short position near a strong level and what do I expect next.
The short position was opened, as on the chart yesterday there was a false breakout of the main triangle, the price returned to the range at which there is a market maker's level - exactly the one that is now fixing its profit from longs.
Further, according to my personal bot, I have daily goals. (if you remember, I wrote to you many times - that every trading session has its own range of work, as well as marks - which have their own price marks.
Now about analyzing the market situation.
Now about the analysis.
At 2h TF, RSI - touched 22.25 - for me this is a short position.
Second, I have already written many times that cluster analysis indicates the distribution of the position, that is, the sale of bitcoin by a strong player into weak hands.
Third, we had false breakouts in the global triangle, which is a bearish pattern and indicates a trend change.
But there is one but - which warns me about the moment at which the price can reverse, quickly, on impulse, and lead out of the global triangle - this is the order book at 29500. You need to carefully monitor this level.
But I'm still waiting for the fall. Since the price is being driven to close, these long tails that we had.
If the price closes below 29500 on the daily TF ... This is the first sign that at the beginning of next month there will be a "bloody sale" and the price will be brought to such marks as 24000-22000
