Bitcoin has been forming a complex trading range. Over the past three months, selling has improved. However, some short-term demand has appeared. The test of the $115K level will be key in revealing the quality of this latest buying.
After the deterioration by selling, there has been some preferred action. The question now is how the price comes to certain levels.
It all started with a specific bar that had some ease of movement over one, two periods. This led to improvement by selling, which was seen over the previous swing down. Off the top, there is again improvement in selling. This improvement is with limited result.
If price stays above a certain level, the question becomes: could we come back to specific levels? At this point, the market is retesting something.
The behavior at these levels will be important in determining the next move for Bitcoin and whether the quality of recent buying can hold up at the $115K test.
After the deterioration by selling, there has been some preferred action. The question now is how the price comes to certain levels.
It all started with a specific bar that had some ease of movement over one, two periods. This led to improvement by selling, which was seen over the previous swing down. Off the top, there is again improvement in selling. This improvement is with limited result.
If price stays above a certain level, the question becomes: could we come back to specific levels? At this point, the market is retesting something.
The behavior at these levels will be important in determining the next move for Bitcoin and whether the quality of recent buying can hold up at the $115K test.
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.