BTC/USDT - Big Dump, what's next? Buy more or Sell? Bitcoin
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The BTC / USDT pair is under consideration.
After analyzing this pair, I can describe to you several key levels, market maker levels, as well as go through the target ones that will help you make a decision in trading.
Firstly, this dump took place over the weekend. Accordingly, if it is not closed today, a large gap will form.
We also see a strong correction of 22% over these 2 days.
Of course, many can say that it is time to shop, but personally I do not want to rush to conclusions and so far I am working in short positions
From values such as:
55618(1% MM)
and a second pending
order at 56670(2% MM) and 57420(3% MM)
Because, we have a correction movement, in which there is a large shadow of the candle, which may be completely covered by the whole candle.
But for this, the price needs to return at least to the mark of 57000, to correct this fall.
By making such a price movement as an impulse drop, a correction, and a continuation of the impulse drop down.
Maybe I'm wrong, maybe it's not, but we have a Market Maker level - this is the price range-57400-58100.
This range serves as the level (at the given moment) of the trend reversal.
I will only work from long positions if the price returns above this level, and there is also a suitable pattern or figure for the long position. Without trading above this level, I have no desire to open a long position.
Yes, the price has fallen very much, yes-you need to buy when there are such drops. But, everything is too good, we have earned too much in this time (short time).
No, do not think, I am not a skeptic and I will not write to you that bitcoin will not be 100000, no. We are discussing this situation with you at this moment, and I do not call anyone to take action, much less listen to my trading review - NO, THIS IS NOT FINANCIAL ADVICE OR RECOMMENDATION.
Market delta-indicates that the seller is stronger at this stage, and that the price is moving away from the level of 55000 in small steps, nothing other than the working range of a large player.
Also looking at the situation from the other side, many indicators point to oversold conditions. The same MACD RSI and stochastic
If the price returns to the range of 58000 and trades above the level of 56000 in 2-3 CME trading sessions, you definitely need to buy, buy and wait for the update of the new ATH, 70000 and 100 thousand$
Join our free, open community - share your thoughts, schedules, and knowledge with everyone. There are no VIP channels, no premium groups, no annoying ads. Free society and free crypto trading.
LINK IN BIO
The BTC / USDT pair is under consideration.
After analyzing this pair, I can describe to you several key levels, market maker levels, as well as go through the target ones that will help you make a decision in trading.
Firstly, this dump took place over the weekend. Accordingly, if it is not closed today, a large gap will form.
We also see a strong correction of 22% over these 2 days.
Of course, many can say that it is time to shop, but personally I do not want to rush to conclusions and so far I am working in short positions
From values such as:
55618(1% MM)
and a second pending
order at 56670(2% MM) and 57420(3% MM)
Because, we have a correction movement, in which there is a large shadow of the candle, which may be completely covered by the whole candle.
But for this, the price needs to return at least to the mark of 57000, to correct this fall.
By making such a price movement as an impulse drop, a correction, and a continuation of the impulse drop down.
Maybe I'm wrong, maybe it's not, but we have a Market Maker level - this is the price range-57400-58100.
This range serves as the level (at the given moment) of the trend reversal.
I will only work from long positions if the price returns above this level, and there is also a suitable pattern or figure for the long position. Without trading above this level, I have no desire to open a long position.
Yes, the price has fallen very much, yes-you need to buy when there are such drops. But, everything is too good, we have earned too much in this time (short time).
No, do not think, I am not a skeptic and I will not write to you that bitcoin will not be 100000, no. We are discussing this situation with you at this moment, and I do not call anyone to take action, much less listen to my trading review - NO, THIS IS NOT FINANCIAL ADVICE OR RECOMMENDATION.
Market delta-indicates that the seller is stronger at this stage, and that the price is moving away from the level of 55000 in small steps, nothing other than the working range of a large player.
Also looking at the situation from the other side, many indicators point to oversold conditions. The same MACD RSI and stochastic
If the price returns to the range of 58000 and trades above the level of 56000 in 2-3 CME trading sessions, you definitely need to buy, buy and wait for the update of the new ATH, 70000 and 100 thousand$