There is no position on Bitcoin at the moment, but there is a trading algorithm with expectation, based on which I willlook for entry into long positions. I want to share it.
Briefly:
The price demonstrates the confident dominance of the buyer with the SOS pattern. I expect a slight correction and the resumption of purchases with a breakdown of the zero point ($ 10.600) and a hike above. Priority Longs
Deployed:
Price Action. Was the downward price movement at a weak angle of attack? After reaching the ice level, serious purchases began. Expectations for local overbought relief and continued growth
VSA.If you look at the day, the progress of purchases has increased very much. I expect a breakout of the level and a hike to $11,000 this week. Sales are not showing up at all. But local correction in the growth zone is possible (1-2 days)
Market Profile. The volume cap is concentrated over the previous day in the upper part, which additionally indicates a possible correction + it has hit the POC of last week.
Delta. The cumulative effect on purchases is slightly weaker.
Footprint. Minor clusters have appeared for sale. There will be a strait soon. Based on the print, there is definitely interest from above: the asset is being sold locally
RESULTS: A slight unloading of the price and further growth to $11,000 with a possible continuation provided there is a good breakdown.
TELEGRAM CHANNEL CRYPTO MENTORS:tele.gg/joinchat/AAAAAEfSOGBbEJU9wrDIJA
YOUTUBE CHANNEL CRYPTO MENTORS: https://www.youtube.com/channel/UC4EgDO1y9CUzrzZmTlXxJLA
