Demand maintaining for COINBASE:BTCUSD by bibsz

Break upside 50k on maintained heavy demand could be signs that the road toward 55k-60k started.
For now 48k have maintained but it is not enough to take any serious buy position, we would need to see more signs of buying interest. A retouch of 48k showing light supply could be a interesting place to take a buy position, even for some scalping to 49k. If show major demand strength there, it would be even more interesting.


On monthly close of June price tested 29k showing nice supply absorption. For then last month closing on demand presence and bull candle and the harmony seems to have maintains for with the current monthly candle formation.


Has been moving on maintained demand since the 19th July. Closed last week testing 46k showing bullish signs and this current week we seeing light supply at the test of it.


Signs of re-accumulation cycle. Starting 24 August price showed important stop in action when moving to the 47.1k zone on heavy supply closing on bearish engulfing . For after showing heavy demand with bullish candle answering for having the same happening the weeks after. Having re-accumulation characteristic.

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button
Native News Post