Bitcoin rejected and possibly continuing range
There are a lot of rejections, paired with volume decreasing here (1H chart).
If we drop below the indicated level, I'll consider it safe to keep playing the range a little while longer.
Not entering now, because even though you **could** catch a great local top, market conditions are not such that you can assume all too much about what "will happen". Its treacherous right now, so the environment demands you react as opposed to trying to predict. Thus, waiting for clear confirmation signals is key imo.
If we drop below the indicated level, I'll consider it safe to keep playing the range a little while longer.
Not entering now, because even though you **could** catch a great local top, market conditions are not such that you can assume all too much about what "will happen". Its treacherous right now, so the environment demands you react as opposed to trying to predict. Thus, waiting for clear confirmation signals is key imo.
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