RE: The most important technical analysis - SUPPLY AND DEMAND

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The most important technical analysis - SUPPLY AND DEMAND

in cryptocurrency •  7 years ago 

Hello there! Thanks for the good article once again. Regarding the USD/BTC chart just above, could we say that we are currently revisiting that same supply zone? We also had a spike reaction when revisiting in April... Could a supply zone be revisited several times and react the same way? Does it sometimes gets ''emptied'' and have no more orders waiting in the books? Thanks!!++

cryptocurrency
7 years ago by

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      ·  7 years ago 

    Hi Peter
    First, you've got your zones messed up - that's a demand zone!
    But yes, the principle is that the zones get "emptied" the more they are tested and then we see price break through them. This is why I only trade on first time back to these sorts of levels

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        ·  7 years ago 

      ''that hasn't been tested yet'' I guess i have my answer

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