RANGING STRATEGY (Daily Analysis)
So we have attainted the first target on Bitcoin, and close to the second on ADA.
Now like I said, we are ranging on bitcoin, and the fact that we have made a quick pump in one 1h candlestick, reinforce my thinking that we are ranging, so I'll short the high of the range on bitcoin today.
We bounce exactly on support and have not broken any resistance yet.
Remember in an uptrend, we bounce on support and break resistance, so I'll be very cautious during these short. But the fact that we rejected the 10,500 $ breakout, and the fact that we're ranging is a good opportunity for a short.
May the luck be with you!
Now like I said, we are ranging on bitcoin, and the fact that we have made a quick pump in one 1h candlestick, reinforce my thinking that we are ranging, so I'll short the high of the range on bitcoin today.
We bounce exactly on support and have not broken any resistance yet.
Remember in an uptrend, we bounce on support and break resistance, so I'll be very cautious during these short. But the fact that we rejected the 10,500 $ breakout, and the fact that we're ranging is a good opportunity for a short.
May the luck be with you!
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.