- trading in a tight range, under a Res that held strong twice in 2 years
- current support was last used in Sept 2019
- when it gets into tight range like this can only rip up or down, hard (see Jun/Jul 2020)
- my bias is that we rip down to approximately 9036 where there's more effective levels
- current support was last used in Sept 2019
- when it gets into tight range like this can only rip up or down, hard (see Jun/Jul 2020)
- my bias is that we rip down to approximately 9036 where there's more effective levels
Note
As predicted correctly, this was a shitty support level.Heading towards a support last used this time last year, Sept 2019. History doesn't repeat but it does rhyme.
The chart looks very Forex-y, if I were a better trader like Luke Martin I might see some kind of correlation here with legacy markets.
My bias is that it continues to do this silly dance before veering to 9.6k, then up to the 11s again.
All I really need BTC to do is not cause too much drama so alts gambling can continue. At this point it's an annoyance.
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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.