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Kobanesmastermindgroup

BTC Levels taking the Covid Dip out of the pictureBTC was emotionally hijacked during March and April but seems like it is returning back to it's technical sense. I have outlined some possible supply and demand levels taking into account the false moves BTC has been making over the last two months. Supply and Demand are based on the Kobane method of using the 78.6% and 88.6% Fibonacci levels to identify supply and demand and the 50%-61.8% Levels are for entry long or short. This is an H4 chart and the Short and Long entry zones are too close to each other so I would drop down to an H1 chart to find trade opportunities.
BITFINEX:BTCUSD
by stikytrading
1
Possible Sell on Bitcoin (Potential Harmonic Pattern Forming)Looking at this to be a good B point for the Bat pattern, We are currently within a Sweet Spot Zone and testing a higher time frame trend line. There is also Bearish Divergence on both the MACD and RSI. Looking to ride this down to our next Sweet Spot Zone or Level of Conviction, where our C point would then be formed. If a Lower low is created Im looking to ride it down to around 3000. Price could move up to around 8000 or so and then we would be looking at a potential B Point for a Gartley Pattern
BITFINEX:BTCUSDShort
by Manuel49