The market's recent move on the BTCUSD shows a strong bullish sentiment. The forecast on my chart suggests that there are two alternative outcomes from the current move, it is important to view the market with an (IF-THEN) attitude towards its movement.
1. The market broke structure on the Weekly Timeframe, the forecast anticipates a continuation from the Demand Zone indicated.
2. The market might plunge down again to the bottom to fill more orders to go up. Specifically, the 31131.36 zone is an unmitigated zone that activates the bullish momentum that will drive the market.
1. The market broke structure on the Weekly Timeframe, the forecast anticipates a continuation from the Demand Zone indicated.
2. The market might plunge down again to the bottom to fill more orders to go up. Specifically, the 31131.36 zone is an unmitigated zone that activates the bullish momentum that will drive the market.