fortunex

#bitcoin supply zone on small timeframe

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
See previous 2 posts.

The supply zone is even present on the 15 minute time chart!

When they all line up at the same price (nearly), there is a higher likelihood that price will return to this zone or reflect off it.
There is still a chance, (probability is never certain) that price will NOT reflect, but blow through immediately. There is also a chance that it reflects and then returns in any number of minutes later, and then either reflects again or blows through.

By trading on a smaller time frame, we can take advantage of the price fluctuations within the channel (between zones). On a larger time frame, those opportunities are hidden inside the relatively larger candles (by time), so the position would have to be held a longer time with exposure to volatility .

I fully expect price to climb beyond this zone....but when?

Right now, it doesn't look like the time. It will probably reflect. But in a few hours, when more 4 hour candles can form, it will likely continue bullish momentum.

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