已更新

BTC Current Range

The chart shows just how effective the quarterly ranges have been so far since entering the new range.

A lot of volatility waiting at the top of the range/ swing high, very hard to tell we go from there but one things for sure the bearish Orderblock at 40k will be a huge shorting opportunity, however I don't think we get there too soon.

註釋

Expecting a retest of the lower boundary of the range (25.2k). We front run that area recently but I feel we'll get a true retest to confirm as support. A sweep and acceptance above would be very bullish in my opinion.

註釋

Looks like we're working towards the retest of the previous range high and our new range lows at the 25,200-25,350 area. A lot of people and money will be resting at this area with big plans. Because it's too obvious I would approach with caution.

I would like to see a sweep of the demand zone under the level and a strong reclaim of at least a few daily candles before thinking about going long. A lot of traders will be caught on the wrong side of this trade, make sure you are not one of them.

註釋

There is the all important retest of the range low thanks in part to the SEC suing Binance.

Very important times for BTC now, I think a sweep and reclaim could be a good area to go long, if we consolidate above and the lose support it could get ugly in my opinion.