DariusFxTrading

Big Drop on Bitcoin (Banks, Financial Institution, ..) - weekly

Short
BITMEX:XBTUSD.P   Bitcoin
Hello Traders!

Cheers Guys we hit our Take Profit on Bitcoin . It was the weekly Supply Zone .
I am just making this post to give you guys a little update and to remind you about the Bitcoin Analysis and for all who did not close their long position to close them now.

What next:
The weekly close was good. It showed pressure at the Supply Zone. Also the daily candle was great. It formed a bearish pin bar. This shows a bearish pressure.
It is possible to jump now into the trade and to short Bitcoin. For further confirmation you can wait for the next weekly close. I will also update it.

Why should I care about Supply and Demand Zone?
On this zones banks and financial institution will jump into the market. The previous down move was caused by them. Therefore there is the possibility that they have orders left at the Supply Zone . We should try to swing with them again to to the downside. The Take Profit should be the weekly Demand Zone .

Check out my previous Bitcoin Analysis and Cheers my friends. The analysis went right. Updates will come soon.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.

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