BTC Levels taking the Covid Dip out of the picture

15 Haz 2020

BTC was emotionally hijacked during March and April but seems like it is returning back to it's technical sense. I have outlined some possible supply and demand levels taking into account the false moves BTC has been making over the last two months. Supply and Demand are based on the Kobane method of using the 78.6% and 88.6% Fibonacci levels to identify supply and demand and the 50%-61.8% Levels are for entry long or short. This is an H4 chart and the Short and Long entry zones are too close to each other so I would drop down to an H1 chart to find trade opportunities.