Expecting that some retracement to 138.5 could happens, but still expecting a drop to the 116 area again, considering how the supply has been present and strong even considering we saw absorption of it. I see it needing more decreasing of it and more test to the 116.area before any move to the upward. MONTHLY; - Tested 116. on heavy supply the two previous month...
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
bullish engulfing and demand in harmony. gonna post more about it in not long
expecting a retracement to 34 500k now that moved downward as predicted. Supply has been heavy and in power but still gonna be careful when it move downward to back around 32 800k to look to maybe secure my profit if supply lose strength getting in this area. But from how the supply has been acting, I would expect a break under it. Which would make us aim at ...
MONTHLY; Demand has been decreasing when made a HH. Stop in action upward happened in May'21 when reached 35 000. And after a boosted up upside hammer it still failed to break upside 35 000, which only make sense considering that demand has been decreasing approaching the area.
Expecting it to break upside 40k and retrace to 48k eventually, but supply has been in power for so long that more test and absorption of all that supply would need to happens before anything. Plus considering that it also failed to break upside 36k since the 22 June’21, supply is still in pretty important power. Which is showing signs of accumulation...
A drop under 130. On SOS Would be an important thing to happens since it would give us signs that the movement down to the 126. Area has in fact started. And it would make us aim at the 128. Zone as next secure profit target and as well 126. From a break under 128. On maintained boosted supply. MONTHLY; - Rejection at the touch of 134. Around 2 months ago &...
On the weekly; Even if supply volume got absorbed at the touch of the 30k-32k area, it had strong power on his side. As we can see on the week close of (14/06/21) and the one following after (21/06/21), that even ended on a increase heavy supply. For the week after it ( 28/06/21) having demand showing signs of being absorbed at 37k and failing to break upside.
Making HH on strong demand and absorption of supply on retracement. Having this on my watch cause it looks so clean and it moves in harmony. Just for a buy want a good entry, and demand really strong to much to take a sell. Gonna postabout it when it moves more
supply in power and the test of 111. around 8 hours ago showing strong demand absorption says a lot. plus supply is in power and has remained in power for the last 4 days at the touch of 111.8
supply has weakened and price has been dancing of 30k-32k area since middle of May. Showing absorption of supply when touching it. Still wanna put a tight stop loss has supply is still kinda present and i don't personally feel like having a drawdown. still expecting it to break upside 36k, but for now I aiming at this zone as secure take profit, but gonna...
Break upside 1796, next target 1800…1845 eventually But have been showing weakening of demand at the touch of the area, so still ready and expecting that a retracement to the 1770 area could happen before it goes up. And which make me feel more secure and look for a buy upside 1795 on a SOS happens first
- 33karea; being an important support zone, happily looking for an imminent buy position as long as it hold it -30k-31k area; important lower support area, that price love to go testing, no looking for a sell position unless it break under Waiting for a break of 36k; which would give me 40k as next area And at the 30k-32k supply absorption has kept happening....
Supply heavy and still need to get absorbed more and decrease
Printed a bearish engulfing last month on heavy supply
Making HH on powered demand with absorption of supply on retracement. Still gonna go up and our next target would reside in the orange area
Demand power has been in power ever since June 2021 at the touch of the 1725. showing a stop in action and absorption of supply. Afterward made HH with signs of strength from demand moving in harmony, which give me no reasons to consider sell position for now
When has been approaching .52 in the last two months supply has been decreasing ad showing rejection of the zone to the upside. Got to be careful of a test back of the 0.52 area before moving to 0.95. Which could make us safe about it going right away to the upside as long as it hold upside the 0.65 area showing signs of strength. now aiming at 0.80 as secure...