Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Taking a look at price movement we can see (aligned with a purple vertical line) a large bearish candle. After this candle a strong move to the upside was initiated that ended taking out previous highs, thus breaking the structure of the market. This can be named as a Demand zone or as a Bullish orderblock. Price tends to wick and reject those areas multiple times and reverse to the opposite direction.