Hello everyone!
BTCUSDT (www.tradingview.com/x/3mfXpOUh/) Binance
M1
After the close of September, an imbalance was formed (range $28,861 - $27,483), which the price immediately began to fill.
Also, the price swing target remains at least at $24,800.
In general, the global expectation is downward, and after trading in the imbalance zone, the price is more likely to remove the minimum.
W1
On the weekly timeframe, the price removed the swing high, which was the target during growth. In this price range, consolidation may form, after which the price will decline.
D1
On the daily timeframe, the price also updated its swing high (marked $28,142).
In this area (monthly imbalance), I expect the formation of a sideways trend and a further decline.
❗️Not a financial recommendation; before entering into any transaction, conduct your own analysis of the asset
BTCUSDT (www.tradingview.com/x/3mfXpOUh/) Binance
M1
After the close of September, an imbalance was formed (range $28,861 - $27,483), which the price immediately began to fill.
Also, the price swing target remains at least at $24,800.
In general, the global expectation is downward, and after trading in the imbalance zone, the price is more likely to remove the minimum.
W1
On the weekly timeframe, the price removed the swing high, which was the target during growth. In this price range, consolidation may form, after which the price will decline.
D1
On the daily timeframe, the price also updated its swing high (marked $28,142).
In this area (monthly imbalance), I expect the formation of a sideways trend and a further decline.
❗️Not a financial recommendation; before entering into any transaction, conduct your own analysis of the asset