SYduck
Long

BTC's next move based on S/D

BINANCE:BTCUSDT   Bitcoin / TetherUS
65 views
0
65 0
We got a fresh test of a demand zone which seems to be holding against the bear assult.
We've already broken 2 demand zones (which i've removed the one with the lower timeframe) and formed a new supply zone which in my opinion it should come back to test before going further down.
This could be the lower high or "E" wave
If it runs through the supply zone , then it's highly likely the breakout below is a fakeout and we're looking at a return of the bulls.

Worst case scenario will be falling further to the next demand zone around the 8k regions.
Comment: passed the first supply zone, straight into the 2nd one (not depicted).
should consolidate before breaching further upwards
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out