Weekly Supply zone on the BTC/USD Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Nov 9, 2014 7:24 PM

Hi Traders,

Here is a weekly supply zone you could look at shorting.

Remember
1. Zone
2. Price Action
3. Retrace
4.Entry

Comments

ChartArt

⋅ Nov 9, 2014 9:24 PM

The weekly pivot price is below us and acts as support, not as resistance: