BTCUSD entering range?
We have seen some very interesting price action from B TC recently with a returning surge to the 30k handle. Price has also broken long term down trend but is showing signs of being range bound until the next heavy impact news or data.
- Price breaks long term down trend to lows of 15k
- Return to 30k handle and test of resistance
- range bound price action on the higher time frames
Plan
- Hold for better entry at lower prices or at support levels around 24k
- Look for reversal patterns and role reversals into up momentum - lower time frames
- Watch for break of resistance and Higher Low on the 30k handle for best entry prices
Feel free to drop a comment with your views on this market!
- Price breaks long term down trend to lows of 15k
- Return to 30k handle and test of resistance
- range bound price action on the higher time frames
Plan
- Hold for better entry at lower prices or at support levels around 24k
- Look for reversal patterns and role reversals into up momentum - lower time frames
- Watch for break of resistance and Higher Low on the 30k handle for best entry prices
Feel free to drop a comment with your views on this market!
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