BTC headed to range highs?

3 thg 7, 2021

BTCUSDT



The parabolic trendline plotted is holding up nicely and BTC is expected to reach range highs soon, given that the momentum gets a push. The RSI is forming a symmetrical triangle, RSI bounced from 42.46 which has been quite a nice bounce area for BTC in the past and I'm expecting this is the push we've been waiting for. The idea is that we need a break above the RSI symm triangle to reach range highs, so waiting for that. We get the push and we will be at 38k then onwards to 40-42k high and then selling ensues to get us down again where I have my bids set at 27500, 25500, 23500 and one small 10% bid at 19000, just in case.