BTCUSD Supply dan demand analysis

Before I discuss about this chart, lets take a look at supply and demand chart.

We can see at buyer chart (long chart), BTCUSD already reach support line at 24807, this support will bring new power for buyer, and if it not break down, buyer target at 36263 at long resistance.

And if we look at short chart data

Short almost touch resistance at 40978. And after resistance touch, Seller will lose their confidence and drop to 12767.

If buyer getting stronger and seller getting weak, BTCUSD will perform a very good bullish run.

If we look at BTCUSD chart,
Expanding channel down already break up at previous pattern,
and after BTC success to break it, this coin perform expanding triangle pattern.
We can calculate new support with fibonacci at 6194 to 6285, this is our new support zone.

If this support able to hold bearish movement, we can aim for 1st target at resistance line at 7151,
And if this resistance break up too, we can aim for fibonacci resistance target at previous analysis at 7464.

Previous analysis :

Trade closed: target reached:

this analysis close, we have new update