BTCUSD -Range Trading Possible
Updated
Hi Everyone
CURRENTLY range trading seems likely in ranges mentioned above.
However, it is important to note that the markets have been moving FAST. Therefore, we keep on doing continuous updates.
Ideally I would like to see us consolidate closer toward the upper side of the resistance (44k-47k) rather than the lower side of the support. If we maintain this, it is likely we take out 49K next try. However, a breach under 44K would make me feel less optimistic.
Update on XRP below, update on ETH tomorrow.
Thanks for watching,
BlockTechEv
CURRENTLY range trading seems likely in ranges mentioned above.
However, it is important to note that the markets have been moving FAST. Therefore, we keep on doing continuous updates.
Ideally I would like to see us consolidate closer toward the upper side of the resistance (44k-47k) rather than the lower side of the support. If we maintain this, it is likely we take out 49K next try. However, a breach under 44K would make me feel less optimistic.
Update on XRP below, update on ETH tomorrow.
Thanks for watching,
BlockTechEv
Note
New development in the technicals: Green has crossed the 50 line. This increases the possibility of a wick to the basis of the bbands currently @43500If buying pressure on lower timeframes do not pick up in the next 15 hours (before the 1D closes), likely we see a wick to 43500-44000 area.
Note
I mentioned yesterday in the vid how the blue LSMA in the 1D was running hot, I then drew in a red trendline. I then mentioned the previous pullback on the chart, this is the scenario that would be considered a healthy pullback. A quick wick to basis and support at the basis: Note
Hi guys, seems likely we make a wick to 43500 area. Will do a full update tomorrow.Note
Update available on Bitcoin.
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