The demand rejections on the daily timeframe
As Bitcoin approaches the 40k level, I want to note that the last months can’t be considered as a consolidation anymore, but as a slow uptrend. In early February we saw a break of the downtrend market structure (we set a higher high). Consecutively we rejected from demand zones 2 times (and a third time now). These are all the characteristics of an uptrend.
For the upcoming weeks I want to see another impulse to the upside, which should end above
48K to continue the trend, but I think that we might stop briefly at 44k for an even stronger move.
However, this is a shorter update than usual as there isn’t really much to say, so I think this is a good moment to re-read some of my HTF Tuesdays and On-Chain Thursdays posts. Have a good trading!
For the upcoming weeks I want to see another impulse to the upside, which should end above
48K to continue the trend, but I think that we might stop briefly at 44k for an even stronger move.However, this is a shorter update than usual as there isn’t really much to say, so I think this is a good moment to re-read some of my HTF Tuesdays and On-Chain Thursdays posts. Have a good trading!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.