Hello friends.
Today I want to analyze the current situation in the BTC market.
We are seeing a strong uptrend, which is confirmed by vertical volume, which means that the imbalance in favor of buyers remains strong. Signs of the strength of the trend are clearly visible in the corrective price movements, which are minimal, so there is a very high probability that the price will rewrite the high.
On the chart, I marked the strong areas of congestion of orders, which are holding back the price. The price may well drop to the support level with only one goal - to gain volume for large BTC holders. The level from above will most likely be broken in the coming days and the first target will be the historical high.
I cannot write, as many "analysts" do, to what point the price will rise since I can only read the chart and use the data that I see. But I can say that price is likely to make a new historic high.
Friends, write your comments and subscribe to me. Also write to me in what format to publish: training, signals, or market reviews. Good trades everyone!
Today I want to analyze the current situation in the BTC market.
We are seeing a strong uptrend, which is confirmed by vertical volume, which means that the imbalance in favor of buyers remains strong. Signs of the strength of the trend are clearly visible in the corrective price movements, which are minimal, so there is a very high probability that the price will rewrite the high.
On the chart, I marked the strong areas of congestion of orders, which are holding back the price. The price may well drop to the support level with only one goal - to gain volume for large BTC holders. The level from above will most likely be broken in the coming days and the first target will be the historical high.
I cannot write, as many "analysts" do, to what point the price will rise since I can only read the chart and use the data that I see. But I can say that price is likely to make a new historic high.
Friends, write your comments and subscribe to me. Also write to me in what format to publish: training, signals, or market reviews. Good trades everyone!
Trade closed: target reached:
As expected, the price made a new high
