Hello Traders and Investors. I hope you are doing well.
At this point, $17,200 to $17,600 is a strong resistance zone.
The price has been accumulating for a very long time, volatility has dropped to historic lows, it means that a new strong price movement is coming soon.
In which direction it will happen, it is difficult to say now.
Anyway, the last fast fall of the price to the level of $12k would be the ideal culmination of this accumulation, after which we could already relax and enjoy the growth of the price to $32k.
But also very bearish market sentiment and waiting for the $12k crowd suggests that it could be a trap.
Locally, I see an area where there are many preconditions for opening a short trade.
These include:
- Sell Streak (my own crypto-indicator).
Unfortunately, by Trading View rules I can't share my paid indicator for free, my ideas are blocked for that, I can only do it on twit$er (yeah, that's really stupid, I don't get it), so just trust me, it is there!
- Imbalance Zone.
- Extreme level.
- 0.5 - 0.68 Fibonacci
I will open a trade in this area!
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
At this point, $17,200 to $17,600 is a strong resistance zone.
The price has been accumulating for a very long time, volatility has dropped to historic lows, it means that a new strong price movement is coming soon.
In which direction it will happen, it is difficult to say now.
Anyway, the last fast fall of the price to the level of $12k would be the ideal culmination of this accumulation, after which we could already relax and enjoy the growth of the price to $32k.
But also very bearish market sentiment and waiting for the $12k crowd suggests that it could be a trap.
Locally, I see an area where there are many preconditions for opening a short trade.
These include:
- Sell Streak (my own crypto-indicator).
Unfortunately, by Trading View rules I can't share my paid indicator for free, my ideas are blocked for that, I can only do it on twit$er (yeah, that's really stupid, I don't get it), so just trust me, it is there!
- Imbalance Zone.
- Extreme level.
- 0.5 - 0.68 Fibonacci
I will open a trade in this area!
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
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