Morning everyone
Last night on our daily live stream, we spoke about the likelihood of us tapping this demand zone again, as we've been saying all week.
We've JUST front-run the demand zone, but this re-emphasises the point we make about a solid dollar cost average strategy, where we're not looking for exact dollar amounts, but a low average buy in price.
A buy-up from this level was expected as we mentioned last night from that pin bar to the left i've highlighted.
For now, we're just ranging and I'd like to see a close above 35k and a continued push to see if there is some strength in this.
Getting very oversold on a number of time frames, so for now we'll wait and see what transpires
Last night on our daily live stream, we spoke about the likelihood of us tapping this demand zone again, as we've been saying all week.
We've JUST front-run the demand zone, but this re-emphasises the point we make about a solid dollar cost average strategy, where we're not looking for exact dollar amounts, but a low average buy in price.
A buy-up from this level was expected as we mentioned last night from that pin bar to the left i've highlighted.
For now, we're just ranging and I'd like to see a close above 35k and a continued push to see if there is some strength in this.
Getting very oversold on a number of time frames, so for now we'll wait and see what transpires
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.