$BTC closed last week with a long shadow at the bottom.
Here's what we can expect to see this week:
First of all, as we know, such candles with long shadows often indicate market participants' uncertainty.
In our case, last week's candle looks like a so-called doji with a longer candlestick shadow at the bottom.
Taking into account the imbalance zone and also the 0.618 Fibo level at $63k, I could assume a further move to this zone.
Guided by the basic principles of the Smart Money strategy, this is exactly what I would expect shortly. Because we still haven't caught this area properly, which is the key area in the local picture.
The chart is dynamic, it changes and we adapt according to its changes. As new candles are formed, we only assume possible variations of events based on patterns that have already been established in the past.
Keep your eyes open.
