XBT showing some Long signals on the #BTCMachine so right now the probability of going up is higher. Its still on decision if its just a small bull leg in a trading range or it will breakout to the upper side.
Note
there is two main components of that long signal:
1- Price can hit upper bottom of the white rectangle (trading range) and Limit orders of scalpers gonna send price down again or;
2- Price breaks up to the rainbow, going then, up. Notice I put different colours on mini rectangles breakout to show that even in a breakout event, there is a chance, to be a failed break and return to the big trading range rectangle.
Lets follow it to see what happens. No position for now.
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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.