💎BTC : Fresh Supply and Demand Zones Discovered at 40k
Hello Dear Traders,
In last post
we indicated tht price is going to smash all the resistance levels and resume the rally. exactly happened as expected btc went from 33600$ to 40000$.
Few Minutes ago while writing the post btc discovered fresh supply zone at 40k zone. and we seen 1500$ dump in smaller timeframe.
it indicates huge profit booking and very good amount of SHORT orders are executed at 40k level.
if daily candle closes below 40k then in upcoming day we might see btc testing 36400-36900$ Zone.
this demand zone is very fresh and i m expecting it will give btc nice bounce.
i will be bearish only after very strong trend change on daily and weekly candle until i will suggest buy every dip. bcoz we dont know where this rally is going stop.
Please Dont SHORT BTC for scalping or shorterm gains. i m seeing its trapping many traders and they are loosing big.
This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC .
Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
In last post
we indicated tht price is going to smash all the resistance levels and resume the rally. exactly happened as expected btc went from 33600$ to 40000$.
Few Minutes ago while writing the post btc discovered fresh supply zone at 40k zone. and we seen 1500$ dump in smaller timeframe.
it indicates huge profit booking and very good amount of SHORT orders are executed at 40k level.
if daily candle closes below 40k then in upcoming day we might see btc testing 36400-36900$ Zone.
this demand zone is very fresh and i m expecting it will give btc nice bounce.
i will be bearish only after very strong trend change on daily and weekly candle until i will suggest buy every dip. bcoz we dont know where this rally is going stop.
Please Dont SHORT BTC for scalping or shorterm gains. i m seeing its trapping many traders and they are loosing big.
This type of Parabolic rallies are not sustainable at all. SO BE Careful while Buying BTC .
Market Participants are Extremely GREEDY. Please Follow Strict RISK Management and Avoid "FEAR OF MISSING OUT".
