The moment we have all been waiting for to take a short position in BTC!
Supply zones....Entry Short Opportunities T1 7388-7475 T2 7624-7695 T3 8083-8178
Support- support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand for the shares increases, thus forming the support line.
Trend line- A downtrend, which is a series of lower highs and lower lows
Chart pattern- descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
price action- Identified where Banks and Institutions were buying
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