8800 zone is seeing the confluence of
1. 50% Fib level of the most recent uptrend
2. 23% Fib level of the major move from 5400 to 20K mark
3. Swing Support and resistance
4. 200 EMA
Based on that information We would expect Demand to increase above and around that level with lowest of 8000 to 8200 zone, next level down on Fib before the next move to 13K mark
Check my Previous Confluence analysis to see how it worked
Please Like and share if you agree
Kindly do your own research and trade to your own taste
and that's a Close up on the 4 hours chart
1. 50% Fib level of the most recent uptrend
2. 23% Fib level of the major move from 5400 to 20K mark
3. Swing Support and resistance
4. 200 EMA
Based on that information We would expect Demand to increase above and around that level with lowest of 8000 to 8200 zone, next level down on Fib before the next move to 13K mark
Check my Previous Confluence analysis to see how it worked
Please Like and share if you agree
Kindly do your own research and trade to your own taste
and that's a Close up on the 4 hours chart
רעיונות קשורים
confluence area
Trader4You
about BTCUSD
We have a wide range bar from 10700 zone to 9700 zone , confirmation of direction is out of those zone