in my last chart update as you can see I mentioned about strong demand zone
to hit before pushing the price upward.
however we should consider Market makers always look for a chance to liquidate
specially retail traders. as it clear after liquidation below my demand zone price
pumped because it had to. right now I expect more upward pressure at least
to the strong supply area around 23K to 24K it is possible price can move up more
after hitting this important level again. 20400 is our max retrace if the price wants
to continue this short term uptrend.
to hit before pushing the price upward.
however we should consider Market makers always look for a chance to liquidate
specially retail traders. as it clear after liquidation below my demand zone price
pumped because it had to. right now I expect more upward pressure at least
to the strong supply area around 23K to 24K it is possible price can move up more
after hitting this important level again. 20400 is our max retrace if the price wants
to continue this short term uptrend.
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Related publications
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.