Bitcoin it's in the range of supply and demand!!!

20. Juni 2021

I see that in H12 timeframe and H4 timeframe Bitcoin may into this range of supply and demand, and right now, the Bitcoin price continue down to 33k level. But remember, Bitcoin could to form this ascending triangle that I show you in Daily timeframe and until don't break down the support, I will not going to consider a short position. But, I believe that Bitcoin could to continue consolidating. Now, as I said. we are in the supply and demand. I see that BItcoin touch the demand zone around of 33k level exactly, but not confirmed if Bitcoin going to up or continue down in their price action.

s3.tradingview.com/snapshots/m/MptWaVQd.png

This it's the H12 timeframe that we can to see better the supply and demand

s3.tradingview.com/snapshots/k/KqZpwyKe.png

And this it's the Daily timeframe where Bitcoin could to forming an ascending triangle in formation.

Now, in H4 timeframe, there's not any signal that Bitcoin continue up, and in other hand, I can't to consider to short Bitcoin until doesnt break down the green zone that form all demand zone or the Daily support around of $33,400 USD. I consider that the market it's neutral, but there's a perspective of demand zone that we can to enter.