JICPT| BTC seeking support from recent low around 33K to 35K
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Hello everyone. BTC has rebounded by approximately 40% after being stopped at key supply zones where 200EMA & anchored VWAP are sitting as marked in the chart.
if you look at the candle formed on Jan. 24th, the abnormal huge volume and thin spread candle may get your attention. It was followed by thin spread candles with volume reduced drastically. In my view, I think sellers are tired and buyers can relatively easier to move the price higher, until it came to the level of 45K.
The candle pattern made me a bit disappointed, because I'm bullish on BTC. At lease, give me one yellow volume bar. The 2nd revisit was definitely a failure due to the low volume.
I think BTC is forming sideway structure(accumulation) . I would be interested in the bottom zone(33K to 35K).
What do you think? Give me a like if you're with me.
if you look at the candle formed on Jan. 24th, the abnormal huge volume and thin spread candle may get your attention. It was followed by thin spread candles with volume reduced drastically. In my view, I think sellers are tired and buyers can relatively easier to move the price higher, until it came to the level of 45K.
The candle pattern made me a bit disappointed, because I'm bullish on BTC. At lease, give me one yellow volume bar. The 2nd revisit was definitely a failure due to the low volume.
I think BTC is forming sideway structure(accumulation) . I would be interested in the bottom zone(33K to 35K).
What do you think? Give me a like if you're with me.
Nota
Zone has reachedNota
Got some response on the 1H chart. It seems BTC is accumulating momentum to the upside. Nota
it's still sideway move.
plan your trade and trade your plan
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