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Bitcoin

BTC 18500-19500 range

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BTC is forming a beautiful range, which could serve as a launch pad. If we go down, this will also be an important resistance level. BTC has an opportunity here to defy all expectations and do a quick impulse past all time highs. Let's see if the bulls have the cajones.
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So far following the range nicely. A move up this weekend may be anticipated, given how strong the bulls have proven themselves to be over the past week.
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Continuing to range. Sunday nights have broken out in the past. Let's see.
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We saw it break below the range, bounce on trendline, and now the range is acting as resistance.
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Pretty bearish now, being below trendline and having rejected off range.
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The bulls have retaken the range. We are now leaning bullish again.
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watch 18800 to induce some impulse.
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Watch 19500 to induce some impulse - not a safe place to trade here - wait for direction to be taken off the range
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Well this played out perfectly didn't it?
Beyond Technical AnalysisTrend Analysis
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