jalapablo

Bitcoin Showing Supply Predominance

Short
COINBASE:BTCUSD   Bitcoin
Bitcoin has been showing supply predominance in the present range, trending within a symmetrical structure not unlike those we see in Wyckoff redistribution ranges. The is a possibility of a bull trap (UTAD) at the end of the triangle's apex which would be designed to cover shorts before the PA moves further downward to mitigate previous orderblocks in the Fibonacci retracement range.

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