Finally a failed Demand zone which is a sign of Stronger sellers.
However the supply zone is not so strong!
it correspond with the Daily zone but it takes so long to move from the zone an also moving out the zone is not a strong one!
Also the resistance of around 17500 and 18000 is a strong one!
While long-term trend is bearish, regarding weekly analysis, BTC is still a bullish assess . So this prices might be a discount for longer term investors!
Conclusion: Enter a short position only after a confirmation in lower time frame around the strong zone!
I personally don't trade on BTC at the moment
However the supply zone is not so strong!
it correspond with the Daily zone but it takes so long to move from the zone an also moving out the zone is not a strong one!
Also the resistance of around 17500 and 18000 is a strong one!
While long-term trend is bearish, regarding weekly analysis, BTC is still a bullish assess . So this prices might be a discount for longer term investors!
Conclusion: Enter a short position only after a confirmation in lower time frame around the strong zone!
I personally don't trade on BTC at the moment
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