[SMC] BTC/USDT Demand & Supply Price Action
Updated
Hello Gents,
Let me briefly explain the analysis.
1) Macro View: Bitcoin is in a bearish order flow state.
2) Micro View: major CHOCH, we entered the corrective wave phase. A correction for the bearish order flow. hence we can notice the new bullish order flow.
3) The recent marked Demand level used to be a supply price. This indicates an S2D flip.
4) Next supply price is at almost 27k.
5) My opinion: price action will play out in a range between new supply and demand levels.
Share your comments or questions.
Cheers,
FX Wabz
Let me briefly explain the analysis.
1) Macro View: Bitcoin is in a bearish order flow state.
2) Micro View: major CHOCH, we entered the corrective wave phase. A correction for the bearish order flow. hence we can notice the new bullish order flow.
3) The recent marked Demand level used to be a supply price. This indicates an S2D flip.
4) Next supply price is at almost 27k.
5) My opinion: price action will play out in a range between new supply and demand levels.
Share your comments or questions.
Cheers,
FX Wabz
Trade active
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