BTC - Ranges overview (update)
We've broken below 60K on BTC and currently sitting around 58K.
As long as we hold these levels you could for longs targeting the HTF buyside liquidity.
Just like the ETH trade idea... no need to front run the market..simply follow market as it hunts the buyside and the sellside.
The market moves in ranges..regardless of the timeframe.
As long as we hold 56K-58K longs are still valid. Any clean break below 56K and we should expect further pa towards 48K.
IF we hold the current lows we should see some expansion to the upside targeting 70K and eventually ATH. As always BTC leads the crypto market so keep an eye on how it plays out for all your alts trades...
BE PATIENT...PLAN....EXECUTE
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
As long as we hold these levels you could for longs targeting the HTF buyside liquidity.
Just like the ETH trade idea... no need to front run the market..simply follow market as it hunts the buyside and the sellside.
The market moves in ranges..regardless of the timeframe.
As long as we hold 56K-58K longs are still valid. Any clean break below 56K and we should expect further pa towards 48K.
IF we hold the current lows we should see some expansion to the upside targeting 70K and eventually ATH. As always BTC leads the crypto market so keep an eye on how it plays out for all your alts trades...
BE PATIENT...PLAN....EXECUTE
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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