BitcoinShort
Trade the Range
In my unprofessional opinion, the only strategy I see for me at this time is too trade the range. Short as RSI divergences and turns overbought, then long as RSI shows towards the side of oversold in the ranges outlined on chart. I don't see shortage of Buyers in the 3000-3500, I see a shortage of sellers.
The 4000-5000 range has had shortage of buyers going up and coming down. Therefor unless either range gains steam with Buyers and Sellers it looks like its ping pong for now.
Currently MACD, MOM, and RSI are bearish with price rising.
The 4000-5000 range has had shortage of buyers going up and coming down. Therefor unless either range gains steam with Buyers and Sellers it looks like its ping pong for now.
Currently MACD, MOM, and RSI are bearish with price rising.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.