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Zonetrading

BTC bear breakout to the lower equilibrium limitBTC has been trailing off for a while now in conjunction with the equilibrium range. We are expecting a corrective to the yellow zone above and are anticipating a continuation down to the larger more significant yellow zone below which acts as an approximate target. BTC can be extremely volatile with large swings so please be aware of this before trading. The technical setup however looks superb so if it does indeed provide the setup, the rest of the plan looks good to take.
COINBASE:BTCUSDShort
by TheTradingRoom
1
Supply and Demand zones and how to use themAs we can see above i have demonstrated how supply and demand zones can be used to help you analyse a chart. Firstly we need to identify an absolute high and and absolute low on the TF we are using. The higher the TF the more valid the zones become. When the absolute highs and lows are identified, they are what we know as the major supply and demand and we will expect the greatest reactions to happen around them. As the chart also shows, price will create sets of highs and lows in between the majors and they are what will become the MINOR supplies and demands. These zones can be looked at as reaction points, however once the price breaks through them they become invalid. This is just a very brief way of looking at zones in order to help you analyse a chart.
Education
by opes_trading_group
4