TheKing Lack of PowerOk i will be quick on this analysis and speak only about facts.
- it seems that BTC new demand area was around 30,000$, everyone was waiting for 28k again but markets like to trick peoples :D
- so we found support around 33,000$ ( BTC Bounced on last VPVR Demands from June-July 2021 acted as support ).
- So for now TheKing made again one more HH and HL and we have to Keep that in mind.
- Despites many peoples think we are in " Bearmarket ", i am not convinced yet about it.
- Now we are still in a kind of doubtful zone, some Bears scare to short, some bulls scare to buy.
- i used 3 Days timeframe because we can check easily the size of the candles, for now, it's like we are coming back to October-December 2020. ( Yellow Rectangles )
- We need need to see more big candles to confirm a strong reversal movement. ( same as green rectangles )
- TheKing have to break is downtrend (Orange Trend line)
- So what i can say for now is, " there's no momentums in indecision ".
- For now first TP is 55,000$ ( lack of demand after that. have to recheck in time )
- if we fail and dip again, demand Zone is 30,000$.
Stay Safe and feel free to comment with logical facts and usefully ideas.
Happy Tr4Ding !
