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Trading Recommendations for Bitcoin on May 11 According to the ICT System
The situation in the cryptocurrency market
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The situation in the cryptocurrency market remains unfavorable for trading. Despite the ongoing downward trend and the complete absence of signs of a shift to a "bullish" market, Bitcoin has been in a corrective phase for almost 3 months. The nearest "bearish" FVG on Bitcoin's path north has elicited only a very weak market reaction. Thus, the first important POI area for sales was essentially ignored (but the pattern is still not canceled). Therefore, Bitcoin may head towards the second-nearest
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Paolo Greco,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Stanislav Polyanskiy
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