I added back the seller orders that the buyers took out first at $8000. I looking for a pull back to this area again with a floor of $7770. If price can't hold this level, we may go back down to $7000 (green circle).
Did that help?
CryptoPassion...where does your MM50 line up...what price?
Hi,
How far down are you expecting the retrace down before going up again, $7k?
I added back the seller orders that the buyers took out first at $8000. I looking for a pull back to this area again with a floor of $7770. If price can't hold this level, we may go back down to $7000 (green circle).
Did that help?
CryptoPassion...where does your MM50 line up...what price?
Thanks for explaining. I like your simple charting.