BITCOIN (BTC) ANALYSIS
Updated
*Where are we headed?
The truth is nobody knows.Stop having a BIAS in your mind.Instead of this, start making your plan.If we drop or pump how will you play and make money off that?
Start by drawing your levels on HTF.When the volatility kicks in, you better have a trading plan mate.
*What are we doing now?
Nothing new.From 4.08.2018 we have been ranging in the 5.8k-7.4k.
Now, we are clearly ranging under the EQ of this orderblock.This is not that bullish.Any weekly close above this EQ with strong volume would be nice.
Those are the last trendlines IMO.We always changed them to fit to the Price Action, we ran out of candles seems like.Let`s hope that BTC will react to these trendlines and it will not range here for a couple more months.
The truth is nobody knows.Stop having a BIAS in your mind.Instead of this, start making your plan.If we drop or pump how will you play and make money off that?
Start by drawing your levels on HTF.When the volatility kicks in, you better have a trading plan mate.
*What are we doing now?
Nothing new.From 4.08.2018 we have been ranging in the 5.8k-7.4k.
Now, we are clearly ranging under the EQ of this orderblock.This is not that bullish.Any weekly close above this EQ with strong volume would be nice.
Those are the last trendlines IMO.We always changed them to fit to the Price Action, we ran out of candles seems like.Let`s hope that BTC will react to these trendlines and it will not range here for a couple more months.
Note
Patience pays.We broke out of that OB, so you will want to short the retest and target 4800! HF Trading!Note
There we go!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.