BTC ANALYSIS 12TH NOV 2024
🚀 BTC Market Update 🚀
Bitcoin's recent surge has left multiple imbalances on the downside across higher time frames. As of now, we've seen the 1-hour candle close below the recent low, hinting at a potential retracement.
Plan of Action:
Wait for Retracement: The focus is on waiting for price to fill the Fair Value Gap (FVG) and observe a rejection from that level.
Profit Target (TP1): If this retracement leads to a downside move, our initial target will be the demand zone below.
Extended Target: Should the price continue to dump, hold positions as BTC may aggressively move downward to trap buyers and clear those imbalances.
🔔 Stay Tuned: Follow, like, and comment for more in-depth market insights!
Bitcoin's recent surge has left multiple imbalances on the downside across higher time frames. As of now, we've seen the 1-hour candle close below the recent low, hinting at a potential retracement.
Plan of Action:
Wait for Retracement: The focus is on waiting for price to fill the Fair Value Gap (FVG) and observe a rejection from that level.
Profit Target (TP1): If this retracement leads to a downside move, our initial target will be the demand zone below.
Extended Target: Should the price continue to dump, hold positions as BTC may aggressively move downward to trap buyers and clear those imbalances.
🔔 Stay Tuned: Follow, like, and comment for more in-depth market insights!
トレード終了: 利益確定目標に到達
price dumping start taking profits
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。