NEXT AREA IM LOOKING TO BUY FROM
BTC/USD 1D - As promised from the Sunday Sessions video I wanted to provide you all with my BTC analysis and give you my thoughts on how I feel price may play out over the course of the next few weeks and months.
I want to see the price of BTC continue to depreciate, introducing more Supply as price trades lower. Once price trades us down and into the Demand Zone below I am expecting price to then reverse to the upside.
Sellers trading price lower will be looking to close there orders and take profit, and those sell orders that have been placed round this order block will need to be closed as well. This will remove Supply from the market.
What we will also see is a new wave of buyers looking to buy into the market, wanting to buy and hold BTC at a better price, this will be a key zone for them, this is why we should see a large S&D flip.
I want to see the price of BTC continue to depreciate, introducing more Supply as price trades lower. Once price trades us down and into the Demand Zone below I am expecting price to then reverse to the upside.
Sellers trading price lower will be looking to close there orders and take profit, and those sell orders that have been placed round this order block will need to be closed as well. This will remove Supply from the market.
What we will also see is a new wave of buyers looking to buy into the market, wanting to buy and hold BTC at a better price, this will be a key zone for them, this is why we should see a large S&D flip.
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