Rocky road ahead for BTC

BTC looks like it's on an upswing, but look at all the untouched supply zones it will be facing on the way back up - there will be lots of buyers who held and will be taking profits. Expect lots of consolidations, fake-outs, and retracements. Looks to buy when it forms new demand zones.

Trade active:

We are cautiously long and will look to accumulate more once it breaches the supply zone around 1700.

Order cancelled:

BTC reversed around 17000 - supply zone was an active indicator of selling pressure in the market. We are going to be looking for opportunities to go long in another chart.