Magnate7

Imbalances of Supply and Demand

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Price has finally tested the strong untested Weekly and Daily Supply Zone . Percfect setup for counter trade with very small lot. Engulfing bearish candle at the Daily Supply zone indicates the significant imbalance. however, theres still a trendline holding the price supported by the Daily CP demand but it failed to take out the Supply zones .Hence it is more likely to be taken out by bearish pric emovement. if the price breach the Trendline and takes out this Daily Cp Demand, S?D rules states the downtrend is tarted, leading the price all the way to the origin of the bull move in Daily Chart .Thus all the way to Daily Demand. where i will Buy again
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