Bitcoin technical analysis TODAY | 05.05.2023

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Hello Everyone steemians | Bitcoin technical analysis TODAY

The major Zone that I'm looking for bonds that this area right actually this whole the previous day value area high hold strongly that we can see here and it bounds from here this is where this is what I am saying ah the for the last two days to we need to go higher we need to take this shot right first fail here then again come back and take the shot then when we take entry we take Henry out with the retest rate as the previous the value area high so actually record.

The exact move that we predicted so we execute the trade and in profit, I know most of you are in most of you are in uh con having in doubts or confusion when you see a nice dump from here you are expecting the price go all the way down that's not the case in trading guys you may be it's only happened once in a month but uh when you keep when you keep dreaming that it will go into bleed that's not going to happen when the price reached your level you exit or you end up there a two options you don't need to be greedy because you need to close the trade uh daily as soon as possible because uh as soon as possible mean when you hit your take profit when you meet your criteria you need to exit the trade you don't need to hold because Market gives us a opportunity daily so we need to ride on both sides are not only one side this is where the most Trader file hold the trade for long this is what time do in what I have done in earlier in my days so I need to tell you that don't need to hold the trade for one or two three days in unless you have a great convention but uh holding the trade for longer will make a bulla or beer so what happened next Market reverse and your trade will end in Break Even or lost so whenever you take profit made you exceed the trade and watch the reaction what market doing next okay so that we are doing with volume profile
Actually uh but what we predicted and price bonus back from here you can see price in actually in an uptrend right price is actually in an uptrend but uh uh when we look at the volume

when we look at the volume you can see there is a huge buying you know right nice volume at these levels someone is buying heavier in this range right you can see here two or three this all indicates someone is buying all the dips so please don't show it right now because unless we have a good uh confirmation uh please don't go for a shot actually uh where most of you can see in an absorption uh here mainly limit uh cell orders are triggered but don't worry uh we are safe unless I will tell you the scenario actually this session starts about the previous value area high it indicates that a price ready to accept new high as per the distribution law price is ready to accept new hi these are invalidation for the upside when price break this mean uh previously value area high and sustained

Below here it will likely to go to drainage in or it likely to be go a previous value area I'm not expecting the price will hold here because the price need to take the liquidity so maybe you can see a movement to this point of control if price doesn't hold here you can say the movement to this side this point have control because the price will take this Market to make S will take
this liquidity is because of those who holding the trade and aiming for 32k in case so we have a clear invalidation so one our criteria met once our criteria one of our guide criteria made we need to follow the plan b so actually I am in an uptrend I'm looking for an upset moment so what is my uh where is my invalidation this is where my invalidation if this break and price sustain below this here I'm
I'm looking for Price field take this liquidity and will touch this point of control so this is our play these play uh in case uh so if price sustainable here right above this here this level I'm expecting price will

Price will go to 30kso these are today's scenarios so bear in mind we have a clear invalidation we have a reason why I'm looking for upset why I am looking for downside so I'm not just saying blindly we have a reason that we follow the rules so now Place uh as per today's plan.
You need to take the necessary action you know if you want to go for long you have a clear invalidation if you want to short you have a clear reason after the criteria are met you're going to the first shot so we don't want to be a bull or beer here so we have a clear invalidation and in value, we have a sorry my bad we have a clear condition here so we wait for what uh the market what the chart tells us so we take the trade according to that so that's for today guys uh Happy trading and Sorry for weak grimmer English :p See you soon..