Technical analysis by irawo_ia about Symbol BTC: Buy recommendation (6/5/2023)

Market Cycle with Strong Momentum On BTCUSDT.P In this analysis, we explore the current market conditions and identify several key factors indicating a bullish trend. The macro and micro market cycles are displaying positive signs, supported by the formation of an Order Block with strong momentum at our point of interest (POI). Additionally, we will examine the presence of a BOS (break of structure) Top, the formation of liquidity near the Order Block, the proper structure of Wyckoff Accumulation Schematics, and the Fib Level ranging from 70% to 100%. Traders and investors should closely monitor these factors as they can provide valuable insights for potential trading opportunities. Keep a watchful eye on the market and consider incorporating these observations into your trading strategies. Disclaimer: This analysis is based on historical data and technical analysis, and it should not be considered as financial advice. Always do your own research and consult with a professional financial advisor before making any investment decisions.