Market Dynamics.
On the HTF I’ve been Bullish so still sticking to my bullish sentiments .
Entry at $9500 - still holding position .
My thoughts for today?
Btc on the 8hr timeframe showing controlled or less supply- and you know what happens when there is less supply ? - MORE DEMAND. ( this pushes prices up.
However on the 4hr chart there seem to be some supply to be mopped up . If supply is low on the 4hr close prices could rally up .
If supply is high price could see lower figures .
If demand exceeds supply price will break the 9700 resistance and rally up to the next resistance $10,060
Next 4hrs - 8hr close should give an idea of the final direction of the trend . 🤞🏽
- Indicators printing bullish signals
-HTF -MiD TF- bullish
Nb- just my thoughts not financial advise .
#speculations #risktoreward
On the HTF I’ve been Bullish so still sticking to my bullish sentiments .
Entry at $9500 - still holding position .
My thoughts for today?
Btc on the 8hr timeframe showing controlled or less supply- and you know what happens when there is less supply ? - MORE DEMAND. ( this pushes prices up.
However on the 4hr chart there seem to be some supply to be mopped up . If supply is low on the 4hr close prices could rally up .
If supply is high price could see lower figures .
If demand exceeds supply price will break the 9700 resistance and rally up to the next resistance $10,060
Next 4hrs - 8hr close should give an idea of the final direction of the trend . 🤞🏽
- Indicators printing bullish signals
-HTF -MiD TF- bullish
Nb- just my thoughts not financial advise .
#speculations #risktoreward
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。