Here is a quick insight into the current BTC trading range.
Highs are currently sitting around 44.6K and the lows at 42.8K.
No need to get overzealous or chopped up in the current trade. I would recommend waiting until we reach the extremities of the range for a trade idea.
IF we get a clean reclaim and hold above the highs we should expect 45K and most likely 49K.
IF we fail to hold the highs we should expect BTC to hunt the liquidity at the lows.
Nothing stops us from having either a fast move upwards or a fast move the the downside. I would stay away from the current range and wait for triggers for a swing trade. The following ranges templates can be used for more confluence for ETH trades.
NO NEED TO PANIC... as long as you have some CAPITAL you can TRADE these markets. PRESERVING YOUR CAPITAL IS ALSO PART OF TRADING
Be PATIENT and WAIT for the MARKET to give you the trades.
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.
Highs are currently sitting around 44.6K and the lows at 42.8K.
No need to get overzealous or chopped up in the current trade. I would recommend waiting until we reach the extremities of the range for a trade idea.
IF we get a clean reclaim and hold above the highs we should expect 45K and most likely 49K.
IF we fail to hold the highs we should expect BTC to hunt the liquidity at the lows.
Nothing stops us from having either a fast move upwards or a fast move the the downside. I would stay away from the current range and wait for triggers for a swing trade. The following ranges templates can be used for more confluence for ETH trades.
NO NEED TO PANIC... as long as you have some CAPITAL you can TRADE these markets. PRESERVING YOUR CAPITAL IS ALSO PART OF TRADING
Be PATIENT and WAIT for the MARKET to give you the trades.
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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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.