💎BTC : Fresh Supply and Demand Zones For BUY/SELL [1-JAN-2021]
Hello Dear Traders,
(Crypto Market Cap : 770Billion , BTC Dominance:70.5%)
In last post
We Discussed about fresh supply zone of 29300$ , Today Btc made a high 29600$ and due to heavy selling pressure btc quickly rejected from tht level.
in last post i mentioned btc will reject from 30k zone, bt before tht btc is showing weakness in price action. this is indicating tht 29500-30000$ level will act strong supply zone in near future. on coinbase and bitmex there are already heavy sell orders placed at 30k level. many investors are going to book profit at 30k level.
Now fresh demand zone for BTC is at 27571-28100$, once btc tests this area we may see strong buying momentum in price. who ever is waiting for BUY/LONG btc can buil there position at fresh demand zone. Today bittrex exchange announced delisting of Privacy coins like XMR,DASH , this things around alt coin market is creating a strong FUD.
(Crypto Market Cap : 770Billion , BTC Dominance:70.5%)
In last post
We Discussed about fresh supply zone of 29300$ , Today Btc made a high 29600$ and due to heavy selling pressure btc quickly rejected from tht level.
in last post i mentioned btc will reject from 30k zone, bt before tht btc is showing weakness in price action. this is indicating tht 29500-30000$ level will act strong supply zone in near future. on coinbase and bitmex there are already heavy sell orders placed at 30k level. many investors are going to book profit at 30k level.
Now fresh demand zone for BTC is at 27571-28100$, once btc tests this area we may see strong buying momentum in price. who ever is waiting for BUY/LONG btc can buil there position at fresh demand zone. Today bittrex exchange announced delisting of Privacy coins like XMR,DASH , this things around alt coin market is creating a strong FUD.
still holding strong volume at resistance level