In previous trade, I am pretty confirmed right now is that this range will be our bear flag range. so BTC shall be P&D inside this range until a breakout we can see.
If you are looking for short, I would recommend you to put a short position in on the top of this range which is around 30.8k with 31.7k as CL.
If you are looking for long, I'd prefer you to long once a range breakdown and bounce before 26.5k, then you can long BTC with 26.5K as CL.
I am not sure when the new movement will come out but it is a good time for us to prepare our bucket list.
IMO, BTC 4H chart is the first time to stand above the EMA50. so I think it may be a positive signal to see a massive breakout. but not recommending to long right now.
If you are looking for short, I would recommend you to put a short position in on the top of this range which is around 30.8k with 31.7k as CL.
If you are looking for long, I'd prefer you to long once a range breakdown and bounce before 26.5k, then you can long BTC with 26.5K as CL.
I am not sure when the new movement will come out but it is a good time for us to prepare our bucket list.
IMO, BTC 4H chart is the first time to stand above the EMA50. so I think it may be a positive signal to see a massive breakout. but not recommending to long right now.
Note
Range Trade closed.No longer to trade in range unless BTC drop back at 30.8k
But unlikely to happen again.
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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.