I personally like the $6000 level even more, it was the origin of the move to $19k back lat last year, held again, earlier this year..so it's a strong level to watch out for..could also mean there are no more buyer at the level as well...we shall see.
Awesome, the demand zone around $6,500 also aligns with a head & shoulder pattern with a neckline at $8,200 (I draw them a little differently)
I personally like the $6000 level even more, it was the origin of the move to $19k back lat last year, held again, earlier this year..so it's a strong level to watch out for..could also mean there are no more buyer at the level as well...we shall see.
That's a good point. What about the area between $5,100 and $5,500. Would you consider this a good demand zone?
Can you see the demand from Nov. and the wick from Feb. I believe there is more demand at that level.
Oh yeh, was the start of a pretty good bull run