Cryptology talked about the prospects for the movement of the price of bitcoin
Date: 2023-08-17 Author: Karina Ziganova Categories: BLOCKCHAIN
On the weekly timeframe, bitcoin quotes tested the 0.5 zone of the upward movement. At this interval, we are interested in a correction to the level of $28,200 — here the imbalance (FVG) will be half filled.
The price may also test the weekly breaker block (BB) in the $28,000-27,000 range, which is in the OTE zone.
If the candlestick bodies close above the liquidity withdrawal level, it will be possible to look for an opportunity to enter a long position.
On the daily timeframe, you can refine the breaker block — the range of $28,000-27,700, find an open FVG ($28,250-27,050) and implement the original consolidation.
These zones should be considered for a set of positions at a long distance. It is also important, within these ranges, to see additional factors for entering a position — a break in the structure and a local change in liquidity.
On the four-hour timeframe, the first zone where a reaction is expected is an imbalance with a liquidity pool of $30,400. This mark is the target for fixing the position.
Globally, we are interested in the level of $34,700. Here, the monthly imbalance will be half filled. It can be assumed that the quotes are on the verge of growth and renewal of local highs.
