Bitcoin Short Idea before Halving

٣ مايو ٢٠٢٠

After the rocket up BitCoin took last week it looks like it made it to a Daily supply zone they will drop it from prior to the Halving coming up on a week and a half or so. Based on the Daily Fibs, it looks like price will fall back to the 6000 range over the next week or so in anticipation of the slow rise after the halving. Daily demand around that level will be used to grow the value once profits have been secured. Short as soon as you have a confirmation that price is on the way down. Use the Lower Time Frames to confirm the 4 Hour trend reversal. At the Drop Base Consolidation Drop level, the sellers seem to be non existent. That was the meaning of the comment that sellers left the area. And when you look at a 30 Minute chart, the current retest is more obvious.