March 29, 2024

BITCOIN (LONG)

BITCOIN (LONG)

BITCOIN (LONG)
BAR SPEAKS

BITCOIN (LONG)
The previous week's close was in line with our August 3 forecast. This means,that the market is subject to the logic of big capital at the moment, and based on the bar of the previous week, it is necessary to draw a conclusion about the direction of the current one.

The spread is small, which indicates the presencesmall player in purchases, however, the same bar is a confirmation after the appearance of absorption in the wave. Average growing volume reflects the intention of big capital. Comparing the yellow bars, we can say that at the same volume, the bar under consideration made the movement a little less, however, such a change cannot be called critical, therefore, the priority of purchases should remain.
BITCOIN (LONG)
Japanese candles.The candles read “3 white soldiers” - an alternative to “3 black soldiers” from the screenshot and “reflection”, which provides information about the need to pay attention to the market and the likely continuation of price growth

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