Another update on BTC. Currently rejecting the support zone, if we get a nice push up we'll look for rejection of resistance in the 2nd zone. If this zone is rejected we'll watch for a rejection of the Pivot (potential support) for a confirmation that price wants to break the 2nd zone. If this is the case and we get a break we'll then watch for price to break or reject the upper zone. Alternatively, price could stay under our pivot and the 50MA not the 4hr to then fall deeper into the lower support zone where we will look for a strong rejection for price to continue on its bullrun.
I’ve no idea what they are called but I love the yellow/blue bars on the right showing as heat map for where the price has been! Very clever, is this available on mt4??
Market-Snipers
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@qureshb Hi, it’s a great tool for guidance on where the concentration of volume can be found. I’m not sure if MT4 supports it but it’s called VPVR.