Where will bitcoin go?
According to the price action structure on the chart, it seems that Bitcoin will drop to the green range of ob after hitting the red range of supply.
We have sets of ob's that have been mitigated and now it looks like the way is open for a drop to the green range.
This upward movement of the price seems to be the time to collect sell orders
Also, we should not forget that we are under major dynamic resistance.
I have specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
We have sets of ob's that have been mitigated and now it looks like the way is open for a drop to the green range.
This upward movement of the price seems to be the time to collect sell orders
Also, we should not forget that we are under major dynamic resistance.
I have specified the invalidation level. Closing a 4-hour candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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