Hello everyone!
This is my first idea and after almost 2 years of reading awesome posts and ideas from other awesome people, I have decided to give it a try and share the model that I had found to be very useful for me and the one I'm still working on to master. Supports, Resistances, Supply and Demand zones.
Again, this is not a price prediction, but if you are new to Cryptos, these are some good regions to keep in mind for the near future. Even if Bitcoin drops at $20K or below, at least and hope you don't freak out too much about it and start listening to the news suggesting that BTC is dead :)
Please leave your messages and comments here on what do you think about these points I mentioned above.
This is my first idea and after almost 2 years of reading awesome posts and ideas from other awesome people, I have decided to give it a try and share the model that I had found to be very useful for me and the one I'm still working on to master. Supports, Resistances, Supply and Demand zones.
- I have marked 3 zones. One in green, the optimal Buying zone. The second one is in yellow ( Potential Buying Zone) and finally one in red (Caution).
- Red zone: This is the most important zone of all to avoid getting recked. Please keep an eye on your stop losses if you are going long from this zone. I don't believe we are just going to go up from this zone.
- Yellow zone: I believe this is where BTC will bounce and given the 3 red bounces that Bitcoin has made in the past. This implies high demand in this area. ( I will buy here if confirmation is clear)
- Green area: If price action drops to or below the $20K, then this would be a great entry point.
Again, this is not a price prediction, but if you are new to Cryptos, these are some good regions to keep in mind for the near future. Even if Bitcoin drops at $20K or below, at least and hope you don't freak out too much about it and start listening to the news suggesting that BTC is dead :)
Please leave your messages and comments here on what do you think about these points I mentioned above.