Good time colleagues! In my first analysis, I want to parse Bitcoin futures (Bitmex exchange chart). To begin with, I would like to note that liquidity can tell you where the price is adjusting, where potential buyers / sellers can be, and also in what direction professionals can look. It is this analysis that I often use in trading.
Well, well, let's go. Currently, the price is traded in flat in the range of $ 6450-7900. Starting on November 25, when the chart updated a new low, the coin was quickly and powerfully redeemed. And, of course, where did most buyers put a stop? That's right, for a low, you will conditionally, $ 6450, and, after 20 days, the coin updates its new local minimum ($ 6412), collecting stops, and going into the specified liquidity zone (I will do a little training in the future on this subject, if you want it).
Why do I paint all this, I answer. An identical zone, only now with the participation of sellers, we see at $ 7950-8050. This zone of high liquidity, that is, the property of assets to be quickly sold at a price close to the market. Of course, at the moment, locally, the picture is on the side of the buyers, plus, in the triangle indicated by me (black), I expect a breakthrough of the upper line (December 28-29). With a breakdown of $ 8400, the chart will lose its relevance.
Buy signal: $ 7050-7150 Sale: $ 7850-8000
Stop / flip: $ 6950 Sale 6600 (35% stop in used) -6400-6100 $ Risk: Minimum
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