By Meztisida - 13.02.2020
Bitcoin supply and demand
Demand for Bitcoin Will See a Dramatic Shift in 8 Years - Retail Investors to Eat up Entire New Supply. Demand for Bitcoin Will See a Dramatic. The supply of BitCoin determines the amount of units in circulation and thus its scarcity on the market. The demand of BitCoin is mainly determined by transaction.
The less people can get their hands on, the higher the price goes.
Why is that? Supply and demand.
Supply and demand in the market is created by bitcoin supply and demand imbalances in the order books. Essentially, the more rapidly price moves away from a particular place on the chart, the more likely it is that there are unfilled orders remaining at that level.
This then means that the chart will bitcoin supply and demand up because of the imbalance in supply and demand. When it revisits the level, the chart is very likely to move up again because the resting orders there will trigger.
As crypto traders, we bitcoin supply and demand use this to our advantage. We patiently wait for that level to bitcoin supply and demand tested again, and then we can open our trades at bitcoin supply and demand same place.
How does a supply or demand zone look like?
A supply zone is characterised as seeing an bitcoin supply and demand in price followed by a move down. This then prevents us from taking trades in mid-air and guessing at what bitcoin supply and demand chart bitcoin supply and demand going to do next.
We want to wait for the best time to strike in the market, and usually, supply and demand zones are the bitcoin supply and demand places for us to bitcoin supply and demand.
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