Bitcoin Rangebound... Not a tradable market... YET
BTCUSD For the last 7 days Bitcoin has been in a 700 point trading range and for those that are very familiar with this market they understand this is insanely low for a week of bitcoin volatility. This should tell you as a trader to avoid trading this market and wait for a confirmation to take a long or short position. Sometimes the best position we can take is no position at all.
Be patient. We are nearly a place where fireworks are bound to happen.
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