Bitcoin Update
Yesterday Price closed near to Its Open . So as updated it was a range day.
Today's Open is also weak, Two side trading so basically signal range type price action today also.
Previous Open (PO) will serve as Resistance for now. Price should break above in order to test Range High or Previous High (PH)
If price fails to break the PO then expect test to range low, Previous Low (PL).
Basically, look to buy from Range Low and Sell from Range High. Avoid trading in middle of the range if you are beginner. You will be trapped easily.
Yesterday Price closed near to Its Open . So as updated it was a range day.
Today's Open is also weak, Two side trading so basically signal range type price action today also.
Previous Open (PO) will serve as Resistance for now. Price should break above in order to test Range High or Previous High (PH)
If price fails to break the PO then expect test to range low, Previous Low (PL).
Basically, look to buy from Range Low and Sell from Range High. Avoid trading in middle of the range if you are beginner. You will be trapped easily.
Note
Price is approaching to Range High. Rally Look Weak. Bad follow through buying. There were be atleast Bear Scalp if not Swing. I have also marked some entries throughout today's trading.
Green Dashed : Long ; Red Dashed : Short
My Trade
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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.
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.