I have shared in the 1 hour timeframe about today's bitcoin analysis. Those who do BUY. Stop-Loss and take profit I have shared.
Follow my account and see my previous article about bitcoin on 1 hour timeframe and I have shared Stop-Loss and take profit from each open position.
Click here 1 hour bitcoin analysis
Now I analyze in 1 day timeframe
This is how BIG TRADERS open positions, they will always wait for the momentum of the IMBALANCE and ORDER BLOCK bounce.
If you want to be a trader, you must understand the ORDER BLOCK and IMBALANCE zones.
Order Block (OB) Zone is a price area characterized by high transaction volume and intensive trading activity in the financial markets, especially in technical trading analysis. This zone is usually formed when:
Order Block Zone Characteristics
1. High transaction volume.
2. Intensive trading activities.
3. Significant price changes.
4. High transaction density.
Order Block Zone Type
1. Support Zone: Price does not go lower.
2. Resistance Zone: Price does not rise higher.
3. Consolidation Zone: Price fluctuates within a certain range.
Benefits of Order Block Zone Analysis
1. Identify support and resistance levels.
2. Predict price changes.
3. Optimize trading strategies.
4. Reduce the risk of loss.
Imbalance Zone is a condition in the financial market where demand and supply are out of balance, causing significant price changes. This condition often occurs in the cryptocurrency, stock and forex markets.
Characteristics of Imbalance Zone
1. High demand, low supply: Prices tend to rise.
2. Low demand, high supply: Prices tend to fall.
3. High transaction volume: Indicates strong market interest.
4. Rapid price changes: Prices move quickly and are unstable.
Types of Imbalance Zones
1. Bullish Imbalance (Bullish Balance): High demand, low supply, prices tend to rise.
2. Bearish Imbalance: Low demand, high supply, prices tend to fall.
Signs of Imbalance Zone
1. Candlestick Charts: Candlestick patterns such as Hammer, Shooting Star or Engulfing.
2. Technical indicators: RSI (Relative Strength Index), Bollinger Bands and Moving Average.
3. Volume analysis: High transaction volume.
4. Price changes: Significant and rapid price changes.
Trading Strategy in Imbalance Zone
1. Buy on bullish imbalance: Buy when the price starts to rise.
2. Sell when bearish imbalance: Sell when the price starts to fall.
3. Use stop loss: Limit losses with a stop loss.
4. Monitor transaction volume: Make sure the transaction volume is high.
Benefits of Imbalance Zone Analysis
1. Identify trading opportunities: Find profitable trading opportunities.
2. Reduce risk: Limit losses by analyzing imbalance zones.
3. Increase profits: Optimize trading strategies.
BTC 1 day timeframe analysis
I will give you 3 reasons why I will be bearish.
1. In the 1-hour timeframe, I have explained in detail that BTC will be bearish and I have informed Stop-Loss and take profit. So I will not explain it again here, please follow this account and see my previous posts.
Click here bitcoin analysis 1 hour timeframe
2. In the 1 day timeframe, Bitcoin experienced a bearish engulfing candlestick preaction.
3. In my previous post, I explained the RISING WIDGE pattern.
Click here RISING WIDGE PATTERN
Usually this pattern shows a bearish pattern on a chart. If you want a clearer explanation, see my previous post, I explained it in detail.
In the 1 day timeframe, there are so many imbalances that the graph will definitely head towards the imbalance zone and order block.
Stay alert - the possibilities in the crypto market are very high.
I pray that you will get maximum benefit from the analysis above. Amen.
