Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Counter-trend buying of weekly areas requires updating analysis when price arrives. The buy target is at least half the distance from the high-risk weekly quote. It is not recommended to sell or buy analytics for training purposes.
This chart from TradingView shows technical analysis of the Bitcoin/Tether (BTC/USDT) currency pair on a weekly time frame and is clearly and concisely based on supply and demand strategy concepts.
This chart from TradingView shows technical analysis of the Bitcoin/Tether (BTC/USDT) currency pair on a weekly time frame and is clearly and concisely based on supply and demand strategy concepts.
Here is a detailed breakdown of what the chart shows:
Origin and Timeframe: The Bitcoin Perpetual Contract is drawn, using the weekly timeframe (clearly shown as “1 week” in the watercolor background).
Current Price: After a sharp decline, the price is currently trading at the 69,207.9 level.
Market Structure and Liquidity Areas:
Yellow box: Demand area represents a previous demand area that was strongly broken (broken down) during the recent downtrend.
Light blue shaded rectangle: represents a powerful “fresh zone” extending approximately between levels 90,000 and 95,000.
Meaning of the text: The English annotation “STRONG AREA BEARKS HTF” (often meaning BREAKS HTF) indicates that the supply area that week was the starting point or “origin” of a strong and violent decline that broke the demand area and price structure on the higher time frames.
Expected scenario (red arrow path): The bold arrow plots the expected future price movement based on this analysis; a rebound or corrective rise (pullback) is expected to touch and test the weekly supply area mentioned above, and once the price enters this area, a strong reversal and decline is expected to complete the downtrend and target new lower levels that may reach the 55,000 area.
This analysis represents a great classic application of the rules of supply and demand, as the area that led to a strong breakout is expected to provide significant selling pressure when retested.
