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.
A bounce here will put in a higher low on a larger time frame.
There’s several support/demand zones stacked in this area.
If we start consolidating & buyers show consistent effort to take price higher around this zone I’ll look to go long.
Profit targets
1. (.028772)
2. (.02932)
3 (.030058)
However!
If price fails VWAP test and sellers show more effort =NO TRADE
*Confluence*
S1
Support zone
Demand zone
Daily Trendline
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.
A bounce here will put in a higher low on a larger time frame.
There’s several support/demand zones stacked in this area.
If we start consolidating & buyers show consistent effort to take price higher around this zone I’ll look to go long.
Profit targets
1. (.028772)
2. (.02932)
3 (.030058)
However!
If price fails VWAP test and sellers show more effort =NO TRADE
*Confluence*
S1
Support zone
Demand zone
Daily Trendline