CryptoPatel

Bitcoin Re-Distribution in Progress what Next..?

Long
BITSTAMP:BTCUSD   Bitcoin
Hey folks,

Everyone is posting their view through an idea then I thought I should also post my idea( bias) for you guys.
Lol, sorry! that's not the truth. Let's read...

Sharing my perspective on the recent rally like what things am personally looking and considering right now to reach a final conclusion in trading.

After the huge dump or we can call it correction not sure about these phrases, the market created supply on the upside in HTF as well as LTF.

After forming a bottom at near 33k, the price showed some strength. Some up-downs and currently at the time writing this price is in the weekly supply as well as in the multi-timeframe supply zones.

So what am saying is, we are not sure if this rally is to just fill some supply sitting on the upside or price is going in discovery mode again while continuing its bull run.

The fact is am not mentioning any ultra hyped view for both sides in this idea because we are focusing more on the current situation like where we are at currently and what gonna be next for the upcoming days.

what you can do is, instead of believing in any biased target, watch yourself and trade accordingly.

Sharing the two high probable scenarios of the current market while considering many factors about the market.

Yeah! I guess that's enough, haha.

Like and share with your mates.

Love From #CryptoPatel

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