Waves /BTC In Decision but I'm still thinking short .
Hello traders.
Not the best candle to try to predict anything and all theses are possibilities .
Im following my prediction on Waves and as you can see it did what I was expecting and pulled back . You can see high selling volume following with not much of buy volume price did bounce at the resistance light blue line at 7200 . There are buy notes sitting on lower price levels . 7400ish to 7100 area .. If we hold this and OBV stay positive and higher in between these areas then we have some confidence on stopping here. Over all we need to see bigger buy volume following this massive sell .. IMO we will see 7K area if we don't see some buying volume developing . Over all this is good at least its moving . :)
Not the best candle to try to predict anything and all theses are possibilities .
Im following my prediction on Waves and as you can see it did what I was expecting and pulled back . You can see high selling volume following with not much of buy volume price did bounce at the resistance light blue line at 7200 . There are buy notes sitting on lower price levels . 7400ish to 7100 area .. If we hold this and OBV stay positive and higher in between these areas then we have some confidence on stopping here. Over all we need to see bigger buy volume following this massive sell .. IMO we will see 7K area if we don't see some buying volume developing . Over all this is good at least its moving . :)
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We are in 7 k areas .
New chart is out . Looking more on supply demand strategy .
New chart is out . Looking more on supply demand strategy .