After a big drawdown where the Bitcoin found Buyers in the April Demand Zone 2019, what we are expecting now is to see a pull back in the Sellers Area (Supply Zone) as indicated in the chart.
A DBD mean Drop Base Drop. This type of movement happen when price is in a bearish momentum and then we find a base (which is price collecting orders) before then continuing the bearish momentum. Anyway this area represent a Strong Seller Zone.
Tap a LIKE if you think is a useful idea and comment below! In this post, I not recommend buying or selling so please do your own research, and follow your trading plan with a properly Money Management. [/I]
Thank you for reading.
הערה
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Started to move again.
הערה
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Hey guys, partial profits were taken. Remember to update the stop loss in you advance.
העסקה בוטלה באופן ידני
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Guys I preferred close this trade with great profit taken. Price is moving slow, I dont like the closing of the Daily candle. Stay tuned for the next analysis, thank you.
@RebeccaCoacci, yeh even tho I use indicators I'm a big fan of Wyckoff schematics! :P
UnknownUnicorn7104034
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@tweakmyripple, Wyckoff is simple amazing, nobody can say otherwise :)
Underdoggainz
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when btc hits the buyers zone of yours we still have an ugly head and shoulders that could play out :((
UnknownUnicorn7104034
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@Underdoggainz, so many time happen that is not a real Head and Shoulder especially in this situation. Probably it could come back to the base but without broke it and is a trap for novice sellers.
BIT_WIN
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Hi, Is this a long position? But your price analysis growth is from the green zone. So now should be sell position!
UnknownUnicorn7104034
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@BIT_WIN, As indicated from the post is a long position until Supply Zone.