Technical analysis by bit_general about Symbol BTC on 5/25/2023
https://sahmeto.com/message/3344548

bit_general
Rank: 6642
Analytical Power:
1.6

LTF Redistributio?n, or Accumulation? - Volume and reaction to horizontal line will give us the answer. Watching now very closely as IMO this could give us clues to a more Macro PA going forward.decision time 1; push to a local HH and mark-up - target 29-30khowever, current low volume would normally mean a failed drive (cant trust a low volume weekend PA)2; failure and redistribution confirmed, markdown , targeting 25-25.5kCould just keep on pumping, but ideally would like a test of blue horizontal now.possibly a hard test of previous resistance turned support. reclaim and off it goes, or bearish test and we go alot lower. position dependant on test (if it happens at all - LTF)
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Signal Type: Neutral
Time Frame:
1 hourPrice at Publish Time:
$26,252.82