BTC - Range within a range trading
The "area of interest" is a smaller trading range inside a larger trading range .
if BTC moves down then I'd expect BTC to briefly exit out of the smaller trading range at around 16200 and push back up ..
Something similar as shown in the graph below .
As long as BTC remains above 16100 I expect BTC can push higher to the 17k area.
if BTC falls below 16100 then this will be my exit spot.
if BTC moves down then I'd expect BTC to briefly exit out of the smaller trading range at around 16200 and push back up ..
Something similar as shown in the graph below .
As long as BTC remains above 16100 I expect BTC can push higher to the 17k area.
if BTC falls below 16100 then this will be my exit spot.
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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.