April 18, 2024

BITCOIN – ANALYSIS OF WEEKLY TF

?THE BAR SAYS
⌛️ History repeats itself. This formation already existed, we wrote about it (noteon the red circle)
BITCOIN - ANALYSIS OF WEEKLY TF

◾️The bar analysis.The seller's spread using the VSA method is small,compared to buyers. This indicator signals weak sales. At a medium-growing volume on the matrix, they were unable to significantly move the price lower. The bar structure is test, with a large buyer at the tail. The expectation from such bars is always based on a buy bar with the next move. We conclude that the week will close with growth. There is clear support for the delta by the limit buyer (the ineffectiveness of market sales is visible).
◾️Japanese candles.A single-candle “umbrella” pattern has been formed, indicating the strength of buyers at the moment. We are waiting for a growth candle

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