BTC just pumped up out of it's 3 week consolidation zone to test the daily supply zone and form a Higher High.
The demand zone created by the push lines up beautifully with the 61.8, and is just slightly below am EQ.
Therefore I expect this area to act as strong support, especially as the bullish trendline rises up to meet this area.
I expect to see a rejection from the supply zone, price come down to my demand and then bounce back up for a second crack at supply.
However, The Daily Trend is still Bearish, and we are forming a large ascending wedge straight into the supply zone.
Therefore, I've only entered for 0.5R as I'm counter trend trading and expecting to milk the last few $$$ before I believe Bitty falls over and heads south.
The demand zone created by the push lines up beautifully with the 61.8, and is just slightly below am EQ.
Therefore I expect this area to act as strong support, especially as the bullish trendline rises up to meet this area.
I expect to see a rejection from the supply zone, price come down to my demand and then bounce back up for a second crack at supply.
However, The Daily Trend is still Bearish, and we are forming a large ascending wedge straight into the supply zone.
Therefore, I've only entered for 0.5R as I'm counter trend trading and expecting to milk the last few $$$ before I believe Bitty falls over and heads south.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.