Lately Iāve been actively monitoring it too, and for obvious reasons it always needs to be done, considering it as one of the supporting metrics
Here the situation isnāt the clearest either. The nearest liquidity was picked upāsimply it was in the very first inefficiency. Then it gets more interesting: the next āfatā shelf is located beyond local support at 80k. Here youāve got a round number, another inefficiency, and overall it all looks fairly reasonable within the context of the subsequent move upāso if we donāt see further re-accumulation (buying back), the closest and most reasonable target is exactly 79ā80k$!
P.S. yes, thereās plenty of it there and even lower, but I wouldnāt look that far just yetāright now itās a bit too early to just slam it and forget the ālongā button, to put it mildly
The first target of the upward correction at 2400.00 has been achieved; the price is halfway to the second target at 3150.00. Given the current situation, Iām considering a more optimistic scenario of reaching 3650.00ābut not immediately, rather through a local downward correction. Globally, the scenario remains unchanged. Iām preparing an overview for you to bring clarity to the current situation.
The price is moving according to the expectations from the previous review; the scenario of forming a local downward correction is still relevant. The most likely target is 70000.00. I expect an entry into the marked area followed by a bounce.
šŖ I recorded a marketing breakdown and outlined my further expectations regarding the chart. I answered all your questions inside the videoāplease start reviewing it. š„ $BTC
$MUBARAK Logic of operation by the setup: what to do ā after a breakout of the sales zone, we target higher for a run on the high from a false breakout; then we move the stop to breakeven and try to pull out the maximum!
š #BTC ā I recorded a short video update for this chart. Inside, I outlined the picture and my further expectations that will be interesting to see for this assetāgo take a look and familiarize yourself. š¤
I expect an upward correction toward the 2.00 area.
In line with the scenario from the previous review, an upward correction has begun; the price has bounced off the 0.382 Fibonacci level. More likely, I expect a rise to the golden ratio at 2.20. In my view, this rise is a bullish trap; overall, the priority is a drop to 0.40.