Aa per Chart Previous Supply zone was around $31300-$32100 and Bitcoin Rejected from This supply Zone. And Dump -40% from This Supply zone. ( From $32100 to $17800 ) And Previous Supply zone support was $28400
Now Current Scenario:- Now Supply zone is $21700-$22800 And This is Very Important level to watch. If Bitcoin Break $22800 Level ( Supply Zone ) then we can see $28400 & $32000 Level.
But If Rejected from this level then ready to See Bitcoin Price around $12000-$13000 This Supply zone support is $18800
And Next Support is $12000-$13000 ( As per Bear Flag Pole )
So $22800 Level is very Important guys. Never trade blindly. If daily candle close above $23000 then we can see $28400
BTC currently trading at $23500 And Breakout Supply zone ( $22800 ) which I was Posted will be Long entry.
Now…? Now I opened Small position and If down then add some more.
Entry:- $22800-$23600 Targets:- $28400/$32300 Stop Loss:- $22340 ( $21580 for Strong hand )
Now I am expecting some Upward move toward $28400 and $31500-$32300
Because Horizontal Resistance broke out and now became strong Support.
Now Supply zone convert in Demand Zone .
Reversal Point:- IMO Reversal Point will be $28400 or $32500 ( Not Financial advice its my own View )
But Most Important Point:- If Rejected from My Above Level ( $28400 or $32500 ) Then Ready for New Low ( Below $17000 ) But If break $32300 then We Entered in Bull Market again. )
Hope You learned with My Education content and Like my work.
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