You need to know where is point of liquidity,this is the area where there is the greatest transactional value in BTC. This is the area where the whales accumulate BTC, many will tell you that this is not the case, but the price always goes to these areas in the setbacks. Take these areas into account to accumulate your tokens, in a DCA way.
Some alts fly this weeks, maybe you find a good entry here. Good volume, good price action.
Volume lows, its a fact. But what really happend? It is evident that in BTC the structures are repeated, even the volume. That is why we would be entering the last phase of the fall of btc (approximately it will take 3-4 months) to then consolidate the rise. I estimate that the price consolidation for the last phase should be around 20kusd for btc. After that...
Liquidity zones are very very low. I still think that the price has to look for the 20k zone again to consolidate prices. We are within a price correction structure and running out of time (btc is not bouncing or closing gap) that indicates strong bullish weakness that may result in new lower lows. Times to be very patient.
Today we have a good opportunity to build a short position here. I using 3-4-5x leverage, found a good entry point. You can botter manage your emotions if you create small positions. Rising wedge here, may break down soon, odds in favor here, good price action and vol.
Action price was a perfect,congrats to shorters, this time. We see a beautiful rising wedge break, price action was fast, take profit here cowboy. Thanks for follow this account, next week maybe could be crazy.
You can use just a EMA-7 + vol. You need to find convergence between EMA+VOL. If you catch the floor and EMA break up with vol validate, you are in the swing. Example $SFP profit in this simple strategy.
In these days I able to trade CRYPTOCAP:RUNE , build small shorts positions with small leverage (5x) to take advantage of whales or MM. When is the perfect time to open or close position? When you find divergence vol/action price. Is the most profitable strategy you can find. Just look the chart, found this diverenge and try to catch the short.
Beatiful chart pattern on CRYPTOCAP:RUNE today. 100% execution right now. Its very rare in this bear market so clean executions. Enjoy bulls.
BTC bounce structure. Time around 24-48 hours. BTC need bounce to 27000 and filled the gap. BTC needs to bounce in the next few hours, and then continue with the fall. The CME has left an open gap that should be closed in the next 24-48 hours. After that, it will enter a consolidation process of the decline, down to around 20k (where CME has another open gap)...
What I think of this idea is that BTC will have a FLAT price behavior for a few months, testing 20k zones and working on accumulation of big hands. BTC needs to correct for a few weeks, then consolidate higher ascents.
It is a personal appreciation of how medium-term cycles can act, taking into account the cycles generated by the halving in btc. It is important to understand how this affects the price, where we can assume some movements in the price action.