First buy zone in the 950 area would be for aggressive buyers. Would indicate buying momentum is still strong. New extension highs to highs and has not traded before. Second buy zone is less agressive and higher probability since it has traded to targets before already once. I am already heavily long and will not be adding to my position at either area.
Comment:
So far aggressive buyers are coming in. Curious to see if there are enough buyers to push things to the target area of 1005. Given the strong momentum I would not be surprised to see things go higher. Short sellers are not likely to defend and will nervously buy to close.
Comment:
Not enough follow through from the agressive buyers. Sellers gained traction and took out the agressive buy zone. BTC likley to pullback into the 887 area which should attract buyers.