In market analysis, when demand deteriorates and creates an impulse bar with expectations of retesting, traders should evaluate whether the rally is sufficient for a major change of behavior; reactions occurring on low volume in areas where supply is present indicate weak demand and suggest the price may rally and retest previous highs.
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#Bitcoin – Low Demand, Low SupplyAdded:
demands us to deteriorate here into this impulse bar and with that expectation that we might be retesting. So, I guess on top of my question here is is this rally sufficient for us for major change of behavior like a sign of strength and that type of stuff. It looks we traced this whole thing, right?
And then this reaction that we we're having, it's on very low volume and if there is something this is actually demand coming in and we have here a shortening of the trust, but yeah, look at this reaction and compare it to this or to this, right? This is the weakest and it comes in the area where supply is present. So, yeah, I think we're going to rally here. We might retest the highs here.
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