Right now BTC in low zone of Trading Range (TR). In TR 80% of breakout attemps will fail and lead to reversal.
Bulls should wait for signs of buying pressure, at least one good bull bar closed near its high to enter long position.
Bears could only short in case of breakout TR with strong bear bars.
Bulls should wait for signs of buying pressure, at least one good bull bar closed near its high to enter long position.
Bears could only short in case of breakout TR with strong bear bars.
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.