BTC - Ranges overview
Interesting pa and weekly close incoming for BTC. This seems like a 'make or break' for the end of the month closure.
The longer pa stays ranging and accumulating positions (both longs and shorts) the harder the move will be -> regardless of the direction
From a general perspective I would still favor taking shorts on BTC. BUT as a trader long trades are also part of our strategy.
Personally stayed away of crypto lately as the market has become less volatile than US 100 and US 30 but that does not stop me from analyzing for you guys.
Scenarios are clear. IF we hold the current levels of the FVG we should expect a push towards 38K
IF we fail to hold the current 'mid range' at 36.5K we will likely revisit the lows at 36K - 35K
Let's see what BTC has in store for us
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
The longer pa stays ranging and accumulating positions (both longs and shorts) the harder the move will be -> regardless of the direction
From a general perspective I would still favor taking shorts on BTC. BUT as a trader long trades are also part of our strategy.
Personally stayed away of crypto lately as the market has become less volatile than US 100 and US 30 but that does not stop me from analyzing for you guys.
Scenarios are clear. IF we hold the current levels of the FVG we should expect a push towards 38K
IF we fail to hold the current 'mid range' at 36.5K we will likely revisit the lows at 36K - 35K
Let's see what BTC has in store for us
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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Feragatname
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