Break upside 50k on maintained heavy demand could be signs that the road toward 55k-60k started.
For now 48k have maintained but it is not enough to take any serious buy position, we would need to see more signs of buying interest. A retouch of 48k showing light supply could be a interesting place to take a buy position, even for some scalping to 49k. If show major demand strength there, it would be even more interesting.
Monthly
On monthly close of June price tested 29k showing nice supply absorption. For then last month closing on demand presence and bull candle and the harmony seems to have maintains for with the current monthly candle formation.
Weekly
Has been moving on maintained demand since the 19th July. Closed last week testing 46k showing bullish signs and this current week we seeing light supply at the test of it.
Daily
Signs of re-accumulation cycle. Starting 24 August price showed important stop in action when moving to the 47.1k zone on heavy supply closing on bearish engulfing. For after showing heavy demand with bullish candle answering for having the same happening the weeks after. Having re-accumulation characteristic.
For now 48k have maintained but it is not enough to take any serious buy position, we would need to see more signs of buying interest. A retouch of 48k showing light supply could be a interesting place to take a buy position, even for some scalping to 49k. If show major demand strength there, it would be even more interesting.
Monthly
On monthly close of June price tested 29k showing nice supply absorption. For then last month closing on demand presence and bull candle and the harmony seems to have maintains for with the current monthly candle formation.
Weekly
Daily
Trade active
Comment:
Price went testing lower as expected, showing supply absorption at 47.5k, for after moving back upside 48k showing supply absorption again. A test of 48.2k showing light supply would be a good place to take a buy position. On the 15 minutes, price just tested back 48.4k showing demand power a the retracement of the HH. A maintains upside that zone, would be also super tasty. 49.2k is a next secure tp to aim at, unless demand would maintains and break upside 50k, well if that happens i would make another update.
Comment:
Price went under 48k, which was the reasons I said to add positions on light supply. All of this is this valid, which is a move back upside 48k on SOS. Price testing lower zone so sell scalping opportunities are available.
Comment:
and we back upside 48k, price has been showing supply absorption on the 1 hours testing 49k-50k, but as for 15 minutes we can see that demand still need to accumulate. But we may be ready to go up
Comment:
Price has been showing demand putting effort at the 51k area, telling that some more testing on lower level would still happen before anything. Nice shorting scalp opportunities on there. And this be valid unless break 51k on major maintained demand.
Would look for testing around 48k and buy entries on light supply sight at that zone.
Price has been showing demand putting effort at the 51k area, telling that some more testing on lower level would still happen before anything. Nice shorting scalp opportunities on there. And this be valid unless break 51k on major maintained demand.
Would look for testing around 48k and buy entries on light supply sight at that zone.