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BTC/USD - Rejection at 4200 Level Supply

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COINBASE:BTCUSD   Bitcoin
- A rejection off the Supply Zone that was taken from the 2nd of December.

- Price has tested this Supply Zone 3 times since this latest rejection, thus verifying that this zone is valid.

- An easy prediction down to the Demand Zone that was formed by the red candle on the 20th of December.

- Possible outcomes would be, either a push off this Demand Zone, to one of the outlined Fib levels. Or, a fall through this Demand, to the next short target. (The next Demand below)

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Komen:
- One of the outcomes played out to a tee.

- We saw a snap of the Demand Zone, with price plunging straight through it.

- A retest of the Broken Demand, which is now a Supply Zone. Waiting for a candle close for confirmation of continuation downward.

Penafian

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