BITCOIN (BTCUSD): Deep Consolidation for COINBASE:BTCUSD by VasilyTrader

BITCOIN (BTCUSD): Deep Consolidation

Many of the members asked me to provide the updated analysis for Bitcoin.

The main problem with BTC is that the market is currently in a deep
consolidation.

Since the beginning of the month, the market is barely moving,
forming candles with tiny bodies and long tails.

The price is currently stuck within a narrow range on a daily.

For now, the best signal that you should wait for is the breakout
of one of the boundaries of the range, and a candle close below/above that.

The side of the breakout will accurately indicate the future direction of
the market and a real sentiment.

Be patient and wait for the signal.

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VasilyTrader

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