BTC - Ranges overview (update)
We've held 62K on BTC and traded up towards 68K and 70K but failed to hold the highs.
We closed the daily candle back within the HTF range from 61K to 50K so let's see IF we hold here.
IF we fail to hold the current lows expect further pa to the downside targeting 58K.
IF we manage to hold these current lows expect us to retrace towards 70K and expand higher to ATH.
No need to front run the market we've had some aggressive selling all around the board (indices..crypto etc..) so BE PATIENT.
As always BTC remains the leader in the crypto market so no need to speculate or trade with your emotions...TRADE THE MARKET...FOLLOW THE MARKET
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.
We closed the daily candle back within the HTF range from 61K to 50K so let's see IF we hold here.
IF we fail to hold the current lows expect further pa to the downside targeting 58K.
IF we manage to hold these current lows expect us to retrace towards 70K and expand higher to ATH.
No need to front run the market we've had some aggressive selling all around the board (indices..crypto etc..) so BE PATIENT.
As always BTC remains the leader in the crypto market so no need to speculate or trade with your emotions...TRADE THE MARKET...FOLLOW THE MARKET
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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