Currently the only way to trade Bitcoin is Long term. Volatility is still too high and will wipe out short term traders. Wait for retraces of 15-20% and buy. No stops. Only trade with very small amounts that you can afford to loose. No other way.
Wait for a retrace and boom go long aiming for the other side of the range
Trend is down, we have retraced to resistance, go short and aim for support below with a R:R higher than 2
Everyone is watching this waiting for an easy range trade. I suggest to stay on the side, wait for a false breakout or confirmation of bearish pressure.
My published idea last week to wait for downward pressure was the right one.