#BTC☀ to 120k ? Keep in mind the market “Imbalances” to optimize your trading.

Hi! Continuation of our analyses on #bitcoin☀️ #Bitcoin❗#BullRunAhead#noAIpost

1. Bitcoin has again exceeded its last ATH as expected in our last analyses with a stepwise recovery setup mirroring the declines (notably the 101k and 103k zones)

2. BTC's movement is strong but healthy. And this is what we will look at in more detail.

3. Potential before relapse: 115-120k

So? How to better anticipate and position yourself? Look at the “market imbalances”

Imbalances correspond to price gaps not covered by the markets between the wicks of two of the three successive candles.

On the screenshot you can see that in 1D we have 3 imbalances on the last upward movement: around 98.5k, 103k and 105.5k symbolized by the horizontal red zones.

We observe zones when the high wick of a candle is not covered by the low wick of candle N+2 and indicate zones where the market could very probably come back to test the price supports.

The further we move away from an imbalance, the less relevant it is. Here the 3 are because we are in a bull run and these imbalances are in the zone covered by -38.2% of the price.

To keep in mind to position yourself for buying and selling depending on whether these zones would be validated or invalidated.

My feeling on $BTC :

- short term : bullish (target 115-120k)

- long term : bullish (bull run)

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