BitcoinUpdated BTCUSD - Range trading ahead 6k - 8k
We should expect btc to be range bound. I m not taking any trade not because i don't want to but because i am already maxed out.
Currently i am just baby sitting my trades and tweaking portfolio a bit
What i am looking out for is a LOW VOLUME FAILED SELLOFF to 6k region and then move up to 8K.
Afterward price should hold 6.6K region and move up with strong force. Please see attached image to get an idea what we are looking for( To confirm our bullish bias that is purely based upon fundamentals)
https://i0.wp.com/swingalpha.com/wp-content/uploads/2018/02/Richard-Wyckoff-Image-4.png
Currently i am just baby sitting my trades and tweaking portfolio a bit
What i am looking out for is a LOW VOLUME FAILED SELLOFF to 6k region and then move up to 8K.
Afterward price should hold 6.6K region and move up with strong force. Please see attached image to get an idea what we are looking for( To confirm our bullish bias that is purely based upon fundamentals)
https://i0.wp.com/swingalpha.com/wp-content/uploads/2018/02/Richard-Wyckoff-Image-4.png
Note
I think we have completed " Low Volume Failed Selloff".In my view we will test recent highs now ( 8K range) .
Good Luck
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