BTCUSD at supply zone

23 May 2018

The failed Adam and Eve pattern provides support at the supply zone and should produce a 20% bounce to around 9100. Alternatively if price moves below the supply zone BTC could see a brief consolidation and quick move down to new lows and eventually a move down to 4000. I think a move to 4k will result in a 'V' bottom reversal but we'll trade in the 4-7k range for a month.

25 May 2018

Not

Getting more conservative on the supply zone: 6860