Bitcoin and strong S/R zone đź’Ş
Right now on the Bitcoin is two strong support zone.
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
First zone is near to price 48500... There is nice to see strong volume area....
Uptrend + S/R zone from the past + Strong volume area is my mainly reason for this long trade....
Second zone is near to price 34500...
Uptrend + Strong buying activity ( Rejection of lower prices) + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
First zone is near to price 48500... There is nice to see strong volume area....
Uptrend + S/R zone from the past + Strong volume area is my mainly reason for this long trade....
Second zone is near to price 34500...
Uptrend + Strong buying activity ( Rejection of lower prices) + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
đź“— Volume Profile & Order Flow books (FREE download)
volumeprofile.com
orderflow.com
đź“ş Free Volume Profile Webinar
trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
đź’¬ Have questions?
contact@trader-dale.com
volumeprofile.com
orderflow.com
đź“ş Free Volume Profile Webinar
trader-dale.com/webinar-how-to-trade-with-volume-profile-in-2022
đź’¬ Have questions?
contact@trader-dale.com
Related publications
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.