BTC analysis 06/01/2023:
BTC is currently moving quite boringly while still moving in the small range of 16000-17000.
– Looking through the H4 timeframe, we see that BTC is in the Supply zone as shown below.
– The market has no further comment as BTC is compressing accumulation.
Today we can trade BTC based on the box on the H4 timeframe. If we break the edge on the box, we will enter a Buy order, back to Sell.
Command reference:
Buy 16930
SL: 16825
TP: 17400
Sell: 16750
SL: 16850
TP: 16550
