[SMC] BTC/USDT Demand & Supply Price Action

11 Ağu 2022

Hello Gents,

Let me briefly explain the analysis.

1) Macro View: Bitcoin is in a bearish order flow state.

2) Micro View: major CHOCH, we entered the corrective wave phase. A correction for the bearish order flow. hence we can notice the new bullish order flow.

3) The recent marked Demand level used to be a supply price. This indicates an S2D flip.

4) Next supply price is at almost 27k.

5) My opinion: price action will play out in a range between new supply and demand levels.

Share your comments or questions.

Cheers,
FX Wabz

11 Ağu 2022

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