Bitcoin shor-term analysis, see price action at these level
After confirming an accumulation structure on the 1h frame, the price returned to test the last support at LPS.
This area coincides with the Point of Control of the Volume profile Fixed Range.
In front is the area marked * (red), the important area.
If the price breaks through this level, it can reach the 45.68k area.
Target is estimated according to the P&F chart.
In case the price shows signs of rejection of this level,
We can wait for a sell signal, down to the support below - around 41.8k
And we recommend trading only when there are enough confirmations, RR from 3:1.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this Bitcoin trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
This area coincides with the Point of Control of the Volume profile Fixed Range.
In front is the area marked * (red), the important area.
If the price breaks through this level, it can reach the 45.68k area.
Target is estimated according to the P&F chart.
In case the price shows signs of rejection of this level,
We can wait for a sell signal, down to the support below - around 41.8k
And we recommend trading only when there are enough confirmations, RR from 3:1.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this Bitcoin trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
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