BTC | CDV Divergence | Chartist
Hello, my friend majid asked me for a BTC evaluation.
We can see that the price is slowly getting squeezed, which means that sufficient liquidity could not be collected in both directions.
Overall the price is at significant resistance and even if it does break it will need to gather liquidity from below, so this analysis explores the level of liquidity buying before the drop.
I also like to be brave and speak my mind, I think the price is not good in the long run, 18-19k is inevitable.
I think that as a result of collecting liquidity from where the circle is, the price may go below the previous low of 26.900 and below.
As always, we will set up high R:R set ups and try them and share them with you.
If you like the idea, do not miss your comments and boosts so that I can reach more people.
Best regards, Chartist.
We can see that the price is slowly getting squeezed, which means that sufficient liquidity could not be collected in both directions.
Overall the price is at significant resistance and even if it does break it will need to gather liquidity from below, so this analysis explores the level of liquidity buying before the drop.
I also like to be brave and speak my mind, I think the price is not good in the long run, 18-19k is inevitable.
I think that as a result of collecting liquidity from where the circle is, the price may go below the previous low of 26.900 and below.
As always, we will set up high R:R set ups and try them and share them with you.
If you like the idea, do not miss your comments and boosts so that I can reach more people.
Best regards, Chartist.
Trade closed: stop reached
Take Profit: $30.000
SL: $28.200