Bitcoin in a range after bouncing off demand zone
After an astronomical climb over the last 24 hours, BTC is still near it's all-time high right now. It's trading in this small range, before it reflected off an area of demand full of willing buyers. This demand zone included a previous all-time high, which we've seen is an odds enhancer to picking a pivot point.
Notice that this all-time high level wouldn't be noticeable on a higher time frame scale, for example 1 or 4 hours. The top and bottom of this zone wouldn't be defined because it's time is included in a larger candle.
This is exactly the type of demand zone to buy when day trading.
Notice that this all-time high level wouldn't be noticeable on a higher time frame scale, for example 1 or 4 hours. The top and bottom of this zone wouldn't be defined because it's time is included in a larger candle.
This is exactly the type of demand zone to buy when day trading.
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