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sunnyk92
14 Ağu 2020 11:02

BTC Analysis 

Bitcoin / DollarBitfinex

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BTC Analysis. At key monthly and weekly resistance levels. Let's see how this reacts!
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sunnyk92
This is why higher timeframes are extremely important. Playing out as predicted. Price was stalling and forming a reversal/deceleration pattern when reaching the supply zone. Key Supply zone required a clear daily breach of the weekly resistance before any longs were considered. This attempted and failed to do so which allowed for price to continue to go down rejecting supply zone numerous of times. For further shorting opportunity , we require a daily break 10600 followed by a valid continuation pattern to see its decline to 9500.
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