Репост из: WhaleTank [Premium]
#XBT 1H
We expect drop to $4900/4800 zone before we will have a bounce up.
As we told in previous analysis - market profile showed distribution on the top at $5600.
Currently price is below volume level.
Probably there were closed short position of Big Players.
Also, price bounced from previous strong volume level.
For now we should see 3-5 days of consolidation before another small drop with following bounce up.
Possible targets are $5400 and $5600/5800.
We will release a signal once we will see some patterns for long.
We expect drop to $4900/4800 zone before we will have a bounce up.
As we told in previous analysis - market profile showed distribution on the top at $5600.
Currently price is below volume level.
Probably there were closed short position of Big Players.
Also, price bounced from previous strong volume level.
For now we should see 3-5 days of consolidation before another small drop with following bounce up.
Possible targets are $5400 and $5600/5800.
We will release a signal once we will see some patterns for long.