‼️MARKET ANALYSIS ‼️Fellow crypto enthusiasts , relax with me today we are going to take a look at my market analysis on the BTC & $ETH symbol.
First of all I want to clarify , that nothing on this post is financial advise.With that being said let’s dive on the first symbol ,
🟠 $BTC : As we can see on the 4H chart(where mid-long term setups are located , we can clearly see a volume imbalance/anomaly.This imbalance opened a lot of gaps. These gaps can act as a magnet for the price , because algorithmically speaking the gaps MUST be closed. The gaps which I have located start from 101,236$ and end at 103,607,12$. That means that not only a lot of liquidity is concentrated there , but also that these gaps act as a magnet themselves which means that the price will be driven up with the right volume and momentum of course.
🔵 $ETH On the 4H chart on ETH we can recognise a similar pattern on the price action as well.
Once again , many volume imbalances can be traced , the ones I’ve found start from 3,491,24$ and go up all the way to the last one being closed at exactly 3,911,29$ . Similar to BTC , these gaps on the ETH symbol will act as magnet for the price.
Institutionally speaking , the analysis I have shown you is really accurate , and can be verified though RSI , and Fibonacci as well. Thanks for your time reading this , don’t forget to like and share if you liked the post ❤️.
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