Last time I shared my analysis I highlighted a Weekly demand being visited by price and reacted to the upside. In most cases this indicates that long orders were picked in the zone where the majority of orders are, in the base of the demand zone. Interestingly we now see that a Daily demand zone has formed on top of the Weekly; again a bullish sign and it looks...
Bitcoin retested a W demand zone; it is clearly that price is reacting to the buy orders within this price range. On the lower timeframes entries can be planned according to your strategy (for example, bottoms of bull flags, W patterns on fib levels). Personally I use supply and demand to determine key continuation areas in combination with fib retracements and...
Bitcoin is facing a critical moment and since the Bitcoin direction strongly influences the course of other altcoins, I suspect the turnout of the price of Zilliqa will be lead by what Bitcoin is going to do. Zilliqa is heading to the lower bollinger band with coincides with a couple support and resistance levels that has been proved significantly for Zilliqa (red...
Bitcoin has to bounce of support level and then break through a resistance. MACD shows weak divergence indicating strength of bulltrend is weakened a bit. I suspect btc to test support below.. However; Williams Accumulation/Distribution shows there is probably enough bull power to bounce up and break through resistance which would be very good for the bulls....
