Bitcoin has been in a global range between the 30k and 60k levels for over a year now. Every attempt by the price to get above the trading range has ended in a collection of liquidity and a strong correction. Now we see that the price has successfully tested the middle of the trading range as support and is now in local consolidation. In last idea we said that price often comes back and collects liquidity below its lows. How it will be this time is unknown. But on the technical analysis side, a false break of the low of 42K could be a good buying opportunity.
Personally, we trade based on our strategies, and we are still waiting for our trading indicators' signal. One of our trading systems is marked at the bottom of the chart. When the moving lines (white and red) cross, we will open one of our positions.
Sometimes we share signals, if you want to receive them, we advise you to subscribe to our trading view and other platforms, all links below, in the comments leave your questions and the name of the coin you want us to analyze. 💚
What is the name of your bottom indicator ?