Please read photo for analysis. Prices in a weekly uptrend, inside weekly supply so i want to be looking for sells. Prices on the 4hr showing me a significant imbalance on the 4hr timeframe.
this is just a picture of bitcoin on how i use supply and demand to read the market.
thought i would post a trade that i got in today.
Please see picture of analysis, comments welcome!.
please see picture for analysis. Cheers
please see chart for analysis
please look at the picture of analysis thanks.
Please look at the picture for my analysis. cheers
sellers clearly stepped in with price reacting off of weekly supply.
Looking here at the 4hr chart of price showing evidence of price turning. We have supply removed and breaks of trend line.
please refer to photo for analysis.
Price reaching off of Monthly supply/ daily downtrend. When price gets into supply or demand i will be looking short a weak or strong dollar in those locations.
Price is back into monthly demand looking bullish with price in this area of demand + support line.
Weekly/ Daily timeframes are in a downtrend, price is back into daily supply. Currently short bias with price inside daily supply.
looking here at the nzdusd daily chart we are sitting in daily demand (level on top of level DBR/RBR). im personally bullish with price in its current location. banks/institutions have clearly found value in buying in that area before so why not again? Cheers
EURGBP: Retail trader data shows 14.7% of traders are net-long with the ratio of traders short to long at 5.79 to 1. Price is now at a fresh weekly supply area where sellers clearly have taken control. This analysis is based on supply demand and the trap of retail traders. im bearish here. who know will keep this on the radar. cheers.
Please refer to picture for analysis. we are in a daily uptrend with price back into daily demand. bullish oil with price in this area.
not a btcusd trader but this pattern usually has a explosive move. flag/pennant pattern