BTC/USD - New Supply and Demand Zone Formed.
Hello Dear Traders,
BTC is currently trading in a range between H4 Supply and Demand zones.
Price is testing the supply zone multiple times but still facing difficulties to break.
Watch for either side break of Supply/Demand and accordingly plan your traders.
Also few points to keep in mind :
1. Supply or Demand zones gets weaker whenever price tests that zone as the pending limit order gets filled.
2. DXY (U.S Dollar Currency Index) closed bullish (lower time frame) this weekend. As, USD is inversely proportional to BTC's price so be a bit careful.
3. Remember, Top is formed when buyers gets exhausted not when selling starts. We are still bullish in Higher time frame.
BTC is currently trading in a range between H4 Supply and Demand zones.
Price is testing the supply zone multiple times but still facing difficulties to break.
Watch for either side break of Supply/Demand and accordingly plan your traders.
Also few points to keep in mind :
1. Supply or Demand zones gets weaker whenever price tests that zone as the pending limit order gets filled.
2. DXY (U.S Dollar Currency Index) closed bullish (lower time frame) this weekend. As, USD is inversely proportional to BTC's price so be a bit careful.
3. Remember, Top is formed when buyers gets exhausted not when selling starts. We are still bullish in Higher time frame.
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