BitcoinUpdated BTC Daily Analysis
BTC is consolidating for about 3 months. The range break will show us the next move toward bear or bull targets. Also if you are not a range trader it's better to wait for a range break.
Current range and other most important levels are defined on the chart.
Bear targets:
Bull targets:
Current range and other most important levels are defined on the chart.
Bear targets:
- 2980 (~3000)
- 2500
- 1900
Bull targets:
- 4350 - 4550
- 4700 (LTF)
- 5500
- 6000 - 6150 (The god level on BTC planet)
Trade active
Trying to break the Range High.. Unsuccessful retest would cause a dump and we would retest Range Low.
Note
So the range broke and we got stopped on Monthly SR. Let's check the sings of the pump before break...Breaking Range High on 4H clearly before the pump:
Breaking EMA on 1D was another sign:
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.
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.