XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. after a quick spike up to 7300 last night we still closed below that resistance level. yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's at this stage in my opinion if we close above res we...
simple chart on consolidation zones Still up and down in this zone however looks like some bullish activity is happening as we try to get back up to that supply zone Trend Bias is bullish 1hr chart Don't forget to follow me guys
An almost immediate bounce out of the supply zone yesterday indicates buyers are still in control No trade zone yet waiting for more conformation. Looks to me like this could be a temporary consolidation zone. before we head back up to supply 1hr chart XBTUSD love to hear you thoughts guys. follow me for more Bitmex TA linktr.ee/tennillewalsh
Waiting for a break above 6777 for a long or break in trend for a short
Waiting for a break above resistance on the 4hr entry off res for 20% gain stop loss at previous structure. 4%
Waiting for rejection at 4hr Res for a short down to 4hr sup (4th touch on res showing a weak sign)