I see a larger range where Bitcoin is showing compression and indecision.
Whenever it breaks out of this compression, if it breaks to the upside, the first target would be the top of the channel, with hopes of a channel breakout.
If it breaks to the downside, the first target would be the bottom of the channel, with hopes of a breakdown.
In either case, we only enter with a confirmed trigger.
Whenever it breaks out of this compression, if it breaks to the upside, the first target would be the top of the channel, with hopes of a channel breakout.
If it breaks to the downside, the first target would be the bottom of the channel, with hopes of a breakdown.
In either case, we only enter with a confirmed trigger.
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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.