solomonroskin

BTC Within a Daily Supply Zone After Breaking Out Bullish

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC looking bullish but it looks like it has a lot of resistance above it. It's sitting on the 50 and 200 MAs so that's a good sign. Broke out with above average volume which shows strength. Now volume is very low but it's the weekend and maybe it's consolidating for another explosive move.

If BTC drops lower, I'm planning on buying at the demand zone. If it absorbs the daily supply zone and presses on, I will be scouting either for a new daily demand zone to form or a 4h zone if given.

If BTC starts breaking structure to the downside from the current supply zone, I will be looking to go short.

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