MoneyballAustin

BITCOIN Short Supply And Demand Break-Out BTCUSD

Short
BITSTAMP:BTCUSD   Bitcoin
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)

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.