💎 BTC : Fakeout or Breakout to New Highs ??
Updated
Hello Dear Traders,
(Crypto Market Cap : 654 Billion , BTC Dominance:68.7%)
in last Post
i marked supply and demand zones based on 4hr, after posting the idea btc tested supply zone and started journey to demand zone. after testing demand zone again it bounced and for 8-9hr btc was range bound, finally at 24 dec btc started again rally to test supply zone. on 4hr we seen strongly bullish breakout candle at supply zone bt after closing of 4hr candle, seller/bears took the control and it started dumping frm 24600 zone. this type of price action indicates fakeout in price.
To confirm this was fake out btc must give daily candle below 24300$ zone. if btc stays in supply zone then again sellers will take control and we might see price falling to demand zone which is 22600 area.
I will not recommend doing anything above 24000$, Market is at extreme Greed, any Flash crash may occur.
Our Supply and demand zones marking works all the time. carefully understand zones and plan entry accordingly. Always buy in demand zone and sell at supply zone,
Dont create FOMO, Have Patience.
(Crypto Market Cap : 654 Billion , BTC Dominance:68.7%)
in last Post
i marked supply and demand zones based on 4hr, after posting the idea btc tested supply zone and started journey to demand zone. after testing demand zone again it bounced and for 8-9hr btc was range bound, finally at 24 dec btc started again rally to test supply zone. on 4hr we seen strongly bullish breakout candle at supply zone bt after closing of 4hr candle, seller/bears took the control and it started dumping frm 24600 zone. this type of price action indicates fakeout in price.
To confirm this was fake out btc must give daily candle below 24300$ zone. if btc stays in supply zone then again sellers will take control and we might see price falling to demand zone which is 22600 area.
I will not recommend doing anything above 24000$, Market is at extreme Greed, any Flash crash may occur.
Our Supply and demand zones marking works all the time. carefully understand zones and plan entry accordingly. Always buy in demand zone and sell at supply zone,
Dont create FOMO, Have Patience.
Note
Note
Above Chart is of BTC DominanceTrade active
27400
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