BTC Ranging
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- Ranging between $9988 and $8550, both daily levels.
- Could also be forming a wedge formation in which a breakout to both sides could occur.
- Chances are more likely we'll see a further retracement towards the daily level of $8550, the weekle level of $8266 or $7803. It wouldn't be illogical for the retracement to coïncide with either the 50MA or 200MA.
Should BTC stay within the daily range a nice profit of 16% could be made. This is where I'll look to setup a trade.
- Ranging between $9988 and $8550, both daily levels.
- Could also be forming a wedge formation in which a breakout to both sides could occur.
- Chances are more likely we'll see a further retracement towards the daily level of $8550, the weekle level of $8266 or $7803. It wouldn't be illogical for the retracement to coïncide with either the 50MA or 200MA.
Should BTC stay within the daily range a nice profit of 16% could be made. This is where I'll look to setup a trade.
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