Bitcoin does not have enough volume to break out of the range. Price successfully tested 100MA as resistance (1H TF) I expect that the price can continue to move in the range if it fixes under the upper limit of the liquidity zone.
Yes, is boring at this moment. My opinion is that we will have a spike up and down under 20k again
decklyndubs
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@Mihai_Iacob, range trading is the absolute best trading my friend! This was one of my best days in a while. All ideas I posted in prep for trades were green today. Excellent trading conditions - this is not boring :)
decklyndubs
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I agree - and let me be clear - I'm your BIGGEST FAN I love your analysis. There were a couple hacks so I'm trading the range but I'm turning bearish and don't believe this will hold. 23200 is 100 day ma and traders are failing to clear it. Turn bearish IMO but it's a hard market to trade right now. I range traded ada down and up again today, and I'm short around .51 now for a longer term position - btc same - 23200 is the critical barrier and I suspect we'll go below the range here.
My opinion is that we will have a spike up and down under 20k again