💎BTC : Why 7000$ DUMP ? Explained Below 👇👇👇[4-JAN-2021]
Hello Dear Traders,
In last Post We Discussed about freshly Discovered supply and demand zones. our newly discovered supply zone(34200-34600$) worked well and bcoz of tht today we seen massive dump of 7000$ in btc. also i mentioned fresh demand zone(30500-31600$) due to massive selling pressure demand zone was not sustainable and easily broke.
bcoz of continuous Parabolic move in BTC, on CME BTC chart there was 2 gaps formed one of the gap is successfully filled with 7000$ dump. and one big gap is still waiting to get filled
CME GAP:
With Todays dump after so many days Bears indicated there existence in market. Last 2 Days daily candle closed strong bearish and it disturbed BTC bull run.
While Writing Idea BTC has found old Demand zone and respecting very well for now. i m expecting next 1-2 days btc might trade sideways near demand zone.
once we see any buying opportunity in btc we will immediately update the idea.
REMEMBER STILL THERE IS CME GAP WAITING TO GET FILLED
This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC .
Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
In last Post We Discussed about freshly Discovered supply and demand zones. our newly discovered supply zone(34200-34600$) worked well and bcoz of tht today we seen massive dump of 7000$ in btc. also i mentioned fresh demand zone(30500-31600$) due to massive selling pressure demand zone was not sustainable and easily broke.
bcoz of continuous Parabolic move in BTC, on CME BTC chart there was 2 gaps formed one of the gap is successfully filled with 7000$ dump. and one big gap is still waiting to get filled
CME GAP:
With Todays dump after so many days Bears indicated there existence in market. Last 2 Days daily candle closed strong bearish and it disturbed BTC bull run.
While Writing Idea BTC has found old Demand zone and respecting very well for now. i m expecting next 1-2 days btc might trade sideways near demand zone.
once we see any buying opportunity in btc we will immediately update the idea.
REMEMBER STILL THERE IS CME GAP WAITING TO GET FILLED
This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC .
Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
