Markets in Profile: Range expansion

By Acel

Updated

pair has a neutral to slight bullish outlook for March 2019.

Monthly Volume by Price Relationship: Slight Bullish
Monthly Range Relationship: Ranging (x2)

Expecting breakout by EOM or April, details on chart.

Yes, i know there is a typo...

Note

Breaking down the zone into two after recent price action. Its essentially the 0.5 and 0.618 retracement from the recent high.

Note

Finally at the first resistance of this month! Coming with a 5wave sequence so its a nice place to take some off.

Monthly bias was correct, mostly ranging with a slight bullish bias especially since the key level held after many tests.

Will post a new idea within the next week or by April 10th depending on clarity of the direction.

Bitcoin 30day volatility is at about 1% and April is due to break out, FYI.

Acel

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