BitcoinEducation
XBT has made a full recovery from Covid -19!!!!
XBT has created new market structure and we are back to the price level pre covid-19
There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it.
XBT is a no trade zone for me at this stage. I will be looking for shorts if the retest fails to close above resistance.
The demand zone is very strong with a decent consolidation zone before it and lots of previous structure. if we make it back down there, in my opinion it wont be for long.
XBTUSD D
There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it.
XBT is a no trade zone for me at this stage. I will be looking for shorts if the retest fails to close above resistance.
The demand zone is very strong with a decent consolidation zone before it and lots of previous structure. if we make it back down there, in my opinion it wont be for long.
XBTUSD D
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.