The chart shows evidence for Bitcoin to bounce between two daily zones. Demand and Supply alike. I have identified two strong zones where we can trade the bounce. Given the BTC volatility and its quick price movement the opportunity will materialise relatively quickly. IMPORTANT: Drill down to 240min to see get clearest picture of short term opportunity.
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Demand: Bitcoin bounced from our demand level. Take your Stop to break even and we are safe not to lose. Keep in mind that we are in a strong downtrend! Supply: Have your trades placed as outlined. There is an easy 4:1 profit potential
Trade closed: stop reached
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Supply level did not hold .... too bad next opportunity is around the corner