Hello Friends!!
Hope all of you are doing good. Ok so today's post is all about bitcoin trading and we are discussing the upcoming correction zone or you can say the demand zone where the chances of prices to bounce is high. Watch this below image for more details.
As you can see the bitcoin is making record high price level near 19k and now after a strong rally i expect a small correction. Now correction is near to 17900 level and our first demand zone is near to 17000-15500 level. And if it is broken then you can expect the market to correct towards the second demand zone near 14000 to 12700 levels.
And if for some reason even if the second demand zone breaks down then you can expect the bitcoin to reach the 61.8% fibonnaci levels which comes near 11000 to 10900 price levels.Let's see and hope for the best entry point most probably near first demand zone.
So you just wait for the market to reach the marked zone and wait for the candle pattern to form with strong volume in support and then you enter at the break of the candle high. I have attached the Fibonacci demand zone for your referral
where i think the market is expected to near 14000 to 12700 levels according to my point of view.
Ok let's see where does it goes and takes support
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