BTC Buyers Hit Supply Will Sellers Take Over At This Level

16 Jul 2018

What you have here on this day is buyers buying into supply where you want to be a seller. It's a mistake. When price gets to supply like you see here only one of two things will happen. Sellers will dominate as they should and take short positions. On the flip side if buyers are successful and break through supply and price rises it may be to the next supply zone you see blocked out on the chart where sellers once again will try to dominate with short positions. Sellers will eventually dominate their supply zones. Remember the rule. When price has not yet returned to it's supply and demand zones, they will.

16 Jul 2018

Catatan

You also have the inverse head and shoulder pattern beginning at 2018-06-10.