BitcoinUpdated BTC Upside/Downside Value Ranges
I'm still holding out of profit taking in this range from basis positions in the 3K range.
With that being said I'm looking for 2 scenarios here.
Upside test to higher value range (8,3-8,8) then pullback. Looking for potential profit taking here but will decide as price action unfolds.
Next scenario is downside pullback in the 30% range to (5,5 area) the mean of the previous value range. Support to kick in there and increased volatility as the market holds this range.
As usual-- regardless of what I put out as TA I trade what actually happens in the market.
With that being said I'm looking for 2 scenarios here.
Upside test to higher value range (8,3-8,8) then pullback. Looking for potential profit taking here but will decide as price action unfolds.
Next scenario is downside pullback in the 30% range to (5,5 area) the mean of the previous value range. Support to kick in there and increased volatility as the market holds this range.
As usual-- regardless of what I put out as TA I trade what actually happens in the market.
Note
Still expecting these downside ranges as upside ranges seem to have been broken. We'll see here if it gets pushed back into the upside value range.
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