I expect some range now
As you can see on my attached ideas, i bought @ 160.00. We double bottomed, made a new high on the 1H Chart, retested old resistance, which acted well as support.
The 160.00 hold pretty well so far and because its a BIG level on the weekly and we rallied so fast and dropped so low on the BTC, i expect some range trading now for some time now...
As you can see on chart, ABCD pattern at 1.41 + resistance. I guess the range between 160 - 280
This may give us an opportunity to get into some other longs if we tripple top
The 160.00 hold pretty well so far and because its a BIG level on the weekly and we rallied so fast and dropped so low on the BTC, i expect some range trading now for some time now...
As you can see on chart, ABCD pattern at 1.41 + resistance. I guess the range between 160 - 280
This may give us an opportunity to get into some other longs if we tripple top
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Related publications
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.