BitcoinShort
BITCOIN Short Supply And Demand Break-Out BTCUSD
See the Picture for analysis:
Higher timeframe:
-Trend = uptrend
-Price inside the weekly supply
-Price reacting off of resistance
-Shorts valid with confirmation on a lower timeframe
Lower timeframe:
-Originally there was a nice confirmation a couple of weeks ago but
not price has taken the first step up of being in control by breaking
the lows/range and showing HTF supply/resistance to holding.
-Valdi area for shorts on 1TF setup (right chart)
Higher timeframe:
-Trend = uptrend
-Price inside the weekly supply
-Price reacting off of resistance
-Shorts valid with confirmation on a lower timeframe
Lower timeframe:
-Originally there was a nice confirmation a couple of weeks ago but
not price has taken the first step up of being in control by breaking
the lows/range and showing HTF supply/resistance to holding.
-Valdi area for shorts on 1TF setup (right chart)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.