Bitcoin Range | Possibly heading lower? | BTCUSD Sell Scenario

1 ก.พ. 2019

Hi guys. take a look at this range I marked out.

Expecting price to test the other side.

Ideally I don't really want price to go above the yellow box.

If you don't want to take much risk, wait until price is back in range again, as it will then likely test the lower bound (3449) again; after that possibly the blue pyramid.

1 ก.พ. 2019

บันทึก

Make or break moment for BTC.

If it convincingly goes and closes above the yellow box, i suggest closing all your btc short positions if you have some, at least until it is back in range again.

Psychologially speaking. it's at a maximum pain point. Which could be a good thing to trap in longs.

1 ก.พ. 2019

บันทึก

Price did not close above box yet, but i suspect it will.

The lack of reaction, is a bullish sign

1 ก.พ. 2019

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