Good afternoon traders There’s been a bearish sentiment for a couple of week. Buyers seem to be showing interest at these new low prices. Our ideal entry is 419.29 Confluence : 30 minute demand zone Testing key level VWAP test liquidity zone broken down trend I will see how price reacts in this area 419.29 If buyers defends this area (Volume , bullish price...
Price just bounced off of a 2 hour demand zone. This 77645 level has been defended multiple times. Higher time frame bullish action I’ve added to my position here.
Bullish action the first 2 hours. Supply and resistance zones getting broken quickly. Vwap being respected Sellers showing weakness. Buyers created a 15min demand zone on the way up. If we can get a pullback into this area and see buyers defend this (455) level I’ll join buyers team. First profit target is the light blue line @ 455.37 If we don’t pullback...
Potential bear trap Demand zone Liquidity zone Uptrend line Support zone Potential bear trap
Strong rally @ open inside of a supply zone. If buyers show up to defend this pullback I will participate. No reaction = No trade Confluence : Several d Demand zones Liquidity zone Uptrend VWAP test 5m key level
Price started out in a daily supply zone & is creating new supply within the zone. If price fails vwap & sellers show effort here($444) we could see a strong move to the downside. If sellers don’t show up = No trade
Price is retesting the original key level it broke out from. If buyers show effort to defend this area (.04900) I will participate as a buyer. Double bottom after breaking out of a bullish pennant on higher time frame. Uptrend line bounce Support zone Demand zone If buyers don’t show up =NO TRADE
A break of structure near daily demand has my attention. Price is retesting old resistance. Confluence : Key level retest 4hr Support 2hr Demand 4hr Pivot point 4hr Uptrend line 4hr Potential higher low If buyers don’t show a strong response here (.0170) =NO TRADE
Downtrend Beneath VWAP & testing 200EMA test 50Ema test Pivot point Key level
If price rejects to .0646 I will watch how buyers react to this level. This is an important level where buyers are stacked up. If price sells through this area = No trade If price continues to rally = No trade Confluence 200EMA> 50Ema> VWAP test Support Demand zone Potential bear trap Pivot point (daily) POC
200EMA> 50ema> VWAP test Support zone POC Pennant break in D/S zone Creating demand in supply
Price rejecting here would put in a lower high! There are several Resistance/Supply zones stacked in this area. I’ll be watching how sellers react to this level.
We are currently in a strong monthly downtrend. Sellers have broken through SEVERAL strong key levels.(Purple lines) Price created supply/resistance zones on the way down & a head and shoulder pattern. As I’m writing this price is testing key level 153”00 which has been respected as a support & resistance level since 2012! If price sells below this key level it...
Bitcoin is headed for a daily supply zone & a daily down trendline. $Blok is also in a supply zone/resistance area. (It just rejected resistance in supply & failed to put in a higher high) If price can’t push through these resistance areas price may fall into this key level (.027900) I will watch how price behaves in the yellow area to gauge buyer participation....
$449.35 VWAP TEST 50ema test 2hr uptrend Support zone Demand zone Downtrendline break S1
50ema > 200EMA > Demand Zone Support zone R1 nearby VWAP test