How my personal indicator thinks about BTC

24 Sep 2023

In the figure, the lines on the right represent the levels that attract the price and the size of these lines represents the strength of attraction. The color of the lines refers to different time frames. The 30-minute time frame is shown in sky blue, 2-hour in blue, 4-hour in black, 8-hour in purple and 16-hour in red. Both color and size are effective in final strength. Small time frames show fluctuations and larger time frames show the final direction of movement. The lines on the right also represent resistance and support levels, whose size represents the strength of that level, and the color is the same as the previous explanation.
With these explanations, considering the strong resistance level of two time frames at 26730 and absorption and of course strong support at 27207, the price tends to see 27207.
The analysis has been done in a 4-hour time frame, and of course the indicator will update in each candle according to the market conditions.

24 Sep 2023

Catatan

At this moment, according to the output of the indicator, a strong absorber level has formed at the level of 26820 and a stronger absorber has been formed at the level of 26925, which has a strong barrier of 26730 in its path. The strong absorbing level of 26,200 is still in force. In general, the market is currently hesitating between two strong levels of 26920 and 26207. But for now, the conditions are more suitable for the 26207 absorber.