BTCUSD - consolidating
BTCUSD is clearly in a trading range, with a clear resistance at $4300 and a semi support level at $3655. Stochastics has room to move lower which suggest that we will test the support level before bouncing. Volume spikes indicate some accumulation. 20 and 50ma flatlining. I’m not interested until BTCUSD it hits reaches the the upper and lower red trendlines. If short my stop would be 4300 and if long i would put stop under the minor pivot 3655.
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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.