BTCUSD at supply zone
Updated
The failed Adam and Eve pattern provides support at the supply zone and should produce a 20% bounce to around 9100. Alternatively if price moves below the supply zone BTC could see a brief consolidation and quick move down to new lows and eventually a move down to 4000. I think a move to 4k will result in a 'V' bottom reversal but we'll trade in the 4-7k range for a month.
Note
Getting more conservative on the supply zone: 6860
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.