BTC Entering possible reversal point

8 May

Bitcoin just entered a possible reversal point where we could see a fast pullback. This is a strong support zone, and on H4 you can clearly see an unbalanced zone, a classic FVG. Usually I like to see the fair value gap to get closed before entering a trade, so the best entry point for a long in my opinion is the low of the black box I drawed. I'll keep you updated, in any case I think this is not a good moment to short