BTC: "Movement is life, and life is movement"!

16 thg 1, 2023

Hello colleagues!

📊 Weekly BTC/USDT review.

There was a strong rally last week with a new December high.
Now the price is trading in the weekly block zone, but I expect an update at $21,480 this week (there was an update on the Bybit exchange and CME)
and descend to daily zones of interest.



📈Schedule of the day.
With such an upward momentum move, the price rarely provides a good entry.
If you don't enter the root at the start of the momentum, it will be difficult to find a profitable trade afterward.

In any case, it is better to wait than to lose!
At the moment, the price has not decided on a corrective movement. There are enough interesting directions after such growth.
Three major imbalances (marked on the charts) and prices in the discount market, which I will look at to find entry points for the continuation of the upward movement.
And for a deeper correction, the price zone is $17,200.



And remember, we trade in probability!

❗️Not a financial recommendation, before concluding a particular deal, analyze the asset yourself.

18 thg 1, 2023

Ghi chú

Yesterday there was an update of the high of the last week and the removal of liquidity from the high of November, which I wrote about in the review above.
Despite the slow decline, I remain of my opinion that we are now in a distribution phase.
I will consider other options if the price fixes above yesterday's high - $21,650.