Bitcoin on breakout watch prepping next directional move
9 days in a row coiling sideways and tight puts Bitcoin on short-term breakout watch for some volatility expansion.
In the coming days I'll be looking for a definitive breakdown of this range below 19,500 in the direction of the primary trend, or a counter-trend breakout over 20,500 to see if bulls can reverse the bleeding.
In the coming days I'll be looking for a definitive breakdown of this range below 19,500 in the direction of the primary trend, or a counter-trend breakout over 20,500 to see if bulls can reverse the bleeding.
Evan Medeiros
Founder, Trade Risk
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Website: thetraderisk.com
Twitter: twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: thetraderisk.com/trading-newsletter
Founder, Trade Risk
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Website: thetraderisk.com
Twitter: twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: thetraderisk.com/trading-newsletter
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