Hi traders and investors!
Buyers have reached the first target at 108,952.
On Binance spot, BTC missed the second target (110,530.17) by just 99 cents.
Is this a setup for a breakout and a run toward a new ATH?
So far, the price action looks like a level manipulation around 108,952: volume in all 3 bars interacting with this level is concentrated above it.
Just below lies a buyer zone (107,500 – 105,100).
I am watching for buyer reaction once the price reaches this area.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Buyers have reached the first target at 108,952.
On Binance spot, BTC missed the second target (110,530.17) by just 99 cents.
Is this a setup for a breakout and a run toward a new ATH?
So far, the price action looks like a level manipulation around 108,952: volume in all 3 bars interacting with this level is concentrated above it.
Just below lies a buyer zone (107,500 – 105,100).
I am watching for buyer reaction once the price reaches this area.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Wishing you profitable trades!
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Clarity on the Chart. Smart Trading Decisions.
No signals. Just clean structure and context t.me/user_friendly_trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.