BTCUSD in a tight range with room to head lower.
Updated
Price Altitude: Middle
Daily Trend: Down
4H Trend: Range
Analysis: BTCUSD is currently in a tight range on the 4h timeframe. It is basing high on price altitude (around 75% line).
Prediction: Continued range environment with a bias toward more downside should the range break.
Price Points of Interest:
4h Supply @ 6446
4h Demand @ 5908
4h Demand @ 5364
4h Demand inside Daily @ 4847
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Daily Trend: Down
4H Trend: Range
Analysis: BTCUSD is currently in a tight range on the 4h timeframe. It is basing high on price altitude (around 75% line).
Prediction: Continued range environment with a bias toward more downside should the range break.
Price Points of Interest:
4h Supply @ 6446
4h Demand @ 5908
4h Demand @ 5364
4h Demand inside Daily @ 4847
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Note
BTCUSD broke the range and bounced off 5908 as expected.
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