Price failing to break 31.2k and showing signs of weakness at the approach of the area would make me look for sell entries and for a drop to 30k again if supply show being overweighting. Since went under 32k on the 16th of July price showed absorption of demand and weakness of it at the meeting of the area, and showed an important demand absorption at the test of...
***How I could read the price retracing from 31k to the 32.7k zone. On the 16th I published when price made a stop in action at the 31k area; '' A weakening of the supply happened at the 31k zone, which caused at stop in action of the downtrend and make me consider at retracement to 32.7k-33k.Gonna have be patient waiting for it to go to 32.7k and then read how...
still expecting some retracement to 1.235 & also if price remains upside 1.25 showing SOS; next target remains 1.28 long term. If we look on the daily we can see that on yesterday it closed on a bearish engulfing on heavy supply. And the day before it closed showing demand absorption at the rejection of 1.258, which is telling be that after the bullish engulfing...
supply showed no signs of weakness at the touch of the touch of 31.5k, and showed demand presence instead and price got pushed to the wicking area of 32k giving a even better sell opportunity at the area. Another sell opportunity could happens at the 31.7k area or a break of 31.5k could also happens pushing it down to the 31k zone since supply is showing power...
As mentioned when was moving to the anticipated area ( 32.7k), this last idea remains valid '' Waiting for the retracement to confirm itself by showed demand weakening reaching an area, and showing signs of sell entry. Last periods price was at the 32.7k area showed supply dominance and a push to the downside occurred showing also signs of demand absorption. This...
moving to the 1855 on still consistent demand. Seeing some weakening of the demand and supply presence but still expecting it to retrace around 1850, and especially if makes a break upside 1835. Under 1800 will make me look for a sell. Still gonna have to wait at the break under 1800
Going back to 0.50 eventually. More signs if breaks under 0.60 Supply in power since May
Waiting for the retracement to confirm itself by showed demand weakening reaching an area, and showing signs of sell entry. Last periods price was at the 32.7k area showed supply dominance and a push to the downside occurred showing also signs of demand absorption. This will so be my next target to look for entries, but wicking more upward could also occurred so...
Still expecting more test downward to the 28k area and would only consider a serious buy if It breaks upside of 33k. A weakening of the supply happened at the 31k zone, which caused at stop in action of the downtrend and make me consider at retracement to 32.7k-33k Gonna have be patient waiting for it to go to 32.7k and then read how it reacts there. I can see...
On the long term; Expecting it to go downward to the 0.67 area, but a break under 0.69 on SOW would have to happen for me to consider it. and considering how it has been reacting 0.69-0.70, if it breaks upside 0.70 on SOS I would consider 0.725 next. Monthly; Since made a break under the 0.75 area in April'15 it never went back upside it again. And from...
On the 21th June'21 price dropped on major supply under the 35k area. And expressed demand weakening and supply presence each time it approached the area since. As for the 4 hours; seeing some signs of demand absorption times touched 33.4k and there if demand keep weakening expecting move back to 32k-30k
Remaining under 2270 and break downward 2032 ; next target to 1700 Monthly; Even if did absorb on touch of 1760; supply was pretty heavy & did not completely decrease WEEKLY; From March Till May moved on heavy demand to 4200 from 1760. Then a stop in action occurred & price dropped from 4000 on heavy supply & supply has remained in power ever since. Closure...
rejected the area on heavy supply on 9 July; '' considering the heavy demand and the engulfing bull candle that printed upside 33 200k and the supply weakness at the retouch of it, I expect more test to the upside before dropping ( some wicking around 34 800k''
absorption of demand at 0.29 and price could not break + supply in power