on june 15 BTC/USD fell hard to $8,900, stayed there for a brief time and then demand exceeded supply in a big way. If and when price returns to my demand level I will be buying.
Buy limit: just above $9,143
Stop loss: just below $9,037
Notice how price fell down rather sharply from $9586 (yellow shaded area). It first tried to go up but supply exceeded demand and fell. Price has yet to test this level since. I'll be selling just below $9586 with a small stop loss above $9665.
$SQ is approaching strong weekly supply around $94. You can see price near this weekly level on the hourly. I expect a move down until we hit demand at $70.
$70 is a good demand (buy) zone because price has yet to fall to this level since price rallied from it on May 7, 2020. Long at $70 with a stop-loss just below $68
WAX has recently gained popularity due to a partnership with Topps and the successful launch of Garbage Pail Kids on the WAX blockchain (an EOS side/sister chain).
Price left the $0.048 level in a big way and has doubled in value in about a few days. WAXP/USD is currently trading around $0.08.
If price approaches demand at $0.048 I will be placing a buy...
The EOS/USD hourly has a decent demand zone at $2.55. Price rallied from this level on May 20 and has not returned since then. I will place my buy order just above this level. My stop-loss is just below $2.52.
On Sept 19, 2019 BTC dominance (BTC.D) fell hard from 71.30 until it reached demand at 62. If price approaches 71.30 it will be a good time for me to convert some of my btc to alts, anticipating a move down in dominance.
At the time of this writing $LINK has a market cap just over $1.6 billion. Price is hovering around $4.40.
I've identified a demand zone on the LINK/USD daily at $1.22. Price may never make it to this level again but if it does it will be a low-risk buying opportunity.
Notice how price shot out of the yellow-shaded area which tells me demand exceeded supply in...
Notice the yellow-shaded area on the 4-hour chart where the supply and demand of BTC/USD was in balance for a short period of time. Then rallied from the $7,200 level and hasn't returned since then. There seems to be a good amount of unfilled buy orders (demand) around $7,200.
Stop Loss: $7,030
Price screamed away from the $168 level which tells me there could be a lot of un-filled buy orders at that level (demand). Price has yet to approach this level again and when it does I will trigger a buy order. My take-profit will be at least 3 times my stop-loss (red line).
CEL is overbought. In march it was 6 cents and last week it hit the all-time high of $0.34. I can see a lot of demand between $0.095 to $0.125.
I'm taking this trade because of the following:
- 0.125 is a fresh level
- demand exceeded supply in a big way
I'm looking for low-risk buy where demand has exceeded supply in a big way in an uptrend. We have a fresh level at $64. Notice how price jumps out of this level to around $70. I have my stop loss at around $62.50 which is risking $1.50. My target is about 3x or more than my stop-loss.
EOS/ETH is approaching a price level for the first time in over two years. The yellow shaded area in march/april 2018 represents the imbalance of supply and demand because demand exceeded supply in a big way - price rose from 0.008 all the way to the high of 0.034. The chart tells me there are more buy orders than sell orders at that price level.