Bitcoin Chart Update 1hour Time Frame
Updated
Hello
Quick Simple Useful :
Trend is BULLISH unless price would have lost 51200 .
There was a DEMAND area which price had a good reaction there, after a fake break and near 51400.
Now price has reached a SUPPLY zone around 52200.
Next SUPPLY zone would be 52600 area.
Breaking previous high would be a good signal for preparing LONG position.
Quick Simple Useful :
Trend is BULLISH unless price would have lost 51200 .
There was a DEMAND area which price had a good reaction there, after a fake break and near 51400.
Now price has reached a SUPPLY zone around 52200.
Next SUPPLY zone would be 52600 area.
Breaking previous high would be a good signal for preparing LONG position.
Note
OkeyPrice had a good reaction from the top SUPPLY zone.
It has lost 51200 and so trend has changed for now.
Note
52000 - 52200 was a good SUPPLY area for sellers. But now is a bit late.Should wait for a new SUPPLY zone appearance or trend changing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.