Next BTC Trading Range before BREAK OUT
Updated
Daily candle wick broke through resistance and immediately fell back in a range between $4170-$4100. RSI in mid 70s in Overbought territory and has always followed with a sell off as BTC rarely breaks past 80 on the RSI. Support at the short term trend line should hold and allow RSI to cool before breaking out of pennant on towards $4500.
Trade active
Target has been reached with a bounce at the Short term trend-line. Daily may close red but will trade in the tight range before next breakout/ possible breakdown. Overall still bullish as ST trend-line held but MACD and RSI took a big dive.
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