Hi, everybody. I didn't expect such a sharp movement of BTC and even professional traders didn't expected. But this is just a one trade that gave a minus and there is nothing fatal in this. Then we consider the future situation.
1) On a local scale, there is a clear, good targeted upward trend, which shows that further price will be at least to 5600-5700, as the minimum initial target.
2) Since the level of 4200-4400 is broken, the nearest supply zone is at the level of 5600, but I would not call this price crucial.
3) Now we see a clear imbalance of power in favor of buyers, and the level of demand is much higher than supply. In terms of volume, you can see that now the distribution has gone from a fairly long accumulation, and therefore, judging by the VSA , the growth will continue further.
1) On a local scale, there is a clear, good targeted upward trend, which shows that further price will be at least to 5600-5700, as the minimum initial target.
2) Since the level of 4200-4400 is broken, the nearest supply zone is at the level of 5600, but I would not call this price crucial.
3) Now we see a clear imbalance of power in favor of buyers, and the level of demand is much higher than supply. In terms of volume, you can see that now the distribution has gone from a fairly long accumulation, and therefore, judging by the VSA , the growth will continue further.