Bitcoin trading idea
As many of you know, Bitcoin has been in a range for a long time now. It can be accumulation/distribution and only time will tell what it is. This idea is assuming if we go up.
1. The first impulse wave, if you remember, when
BTC broke 10k took us to 42k on weekly high and the daily high was around $40900 for that.
2. This is currently acting as resistance on daily and we are just accumulating below it. ( calling it accumulation as we are assuming to go up )
3. Accumulation below resistance most of the times leads to a good breakout and hence this plan.
Why the assumption is up ?
1. The laser eyes have calmed down a bit.
2. The daily RSI has bullish divergence.
1. The first impulse wave, if you remember, when
BTC broke 10k took us to 42k on weekly high and the daily high was around $40900 for that.2. This is currently acting as resistance on daily and we are just accumulating below it. ( calling it accumulation as we are assuming to go up )
3. Accumulation below resistance most of the times leads to a good breakout and hence this plan.
Why the assumption is up ?
1. The laser eyes have calmed down a bit.
2. The daily RSI has bullish divergence.
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