DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Sunday, November 28, 2021

Bitcoin test demand zone 52k ? BTC Wyckoff distribution analysis

Bitcoin test demand zone 52k ? BTC Wyckoff distribution analysis

Bitcoin / TetherUS BINANCE:BTCUSDT

Hello there,
This is BTC analysis by Wyckoff method
After testing the trade range in LTF , BTC maybe in a distributed structure.
It could test demand zone around 52k .

This will be confirmed when we have SOW.
Here, there is a selling opportunity with the Quasimodo structure.
A short-term trade with low risk.

Z Concepts is a free blog sharing how to use Wyckoff theory, supply and demand , Price Action and some other modern technical analysis methods.
Follow to update more effective gold trading cases!

------------------------------------------
Attention:
React to price action based on specific trading plans, rather than predictions.
This is my personal idea and analysis, please just see it as an example for reference.
You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.

If you find the article useful and interesting, please leave a comment !



from TradingView Ideas https://ift.tt/3rlGfYd
via gqrds

No comments: