BitcoinLong
BTC hourly 26 Nov
26 Nov Sat
There is no strength in the market. Could be due to long weekend for US traders. We haven't broken MS structure to the downside below 16300, which is a positive sign.
Currently price stays in area of high concentration of volume. That means we need a lot of conviction to break above it. Another wick down before rally is reasonable.
Since there is compression on the left we can easily break to the down side.
Possible entry marked on the chart.
There is no strength in the market. Could be due to long weekend for US traders. We haven't broken MS structure to the downside below 16300, which is a positive sign.
Currently price stays in area of high concentration of volume. That means we need a lot of conviction to break above it. Another wick down before rally is reasonable.
Since there is compression on the left we can easily break to the down side.
Possible entry marked on the chart.
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