Oh, I’ve received so many messages and notifications 🙂👍

A quick update on the situation $BTC

So, once again, I want to show you why I don’t like trading based solely on imbalances 😁

Remember, I already said on today’s call that if you really wanted to, you could try entering a trade here, but in my opinion, it’s not a great setup.

And here’s a clear example! The imbalance was easily pushed through, and the price followed the more logical scenario we had been considering.

Of course, this doesn’t work 100% of the time. Sometimes imbalances get a great reaction, and sometimes even strong blocks get pushed through without stopping.

But that’s not the point! The more technical analysis tools and factors line up in one zone, the more likely we are to get the price reaction we expect.

That’s why I’m always in favor of comprehensive analysis, rather than trading based on one pretty zone on the chart 😉

P.S. By the way, this is another good example for those who disregard reversal patterns—this is what they’re for! To protect you from getting stopped out 🙏