conditional trade idea on BTCUSD
The BTC retrace back from an ascending channel, broke the lower boundary and then went on the sideway.
The low side (6600ish) of the sideway range shows some strenth here, keep an eye on this.
If we break down below 6600 with an obvious volumn, we may go as my red arrow indicate in the future. Then it is smart to short it when it goes up to heat the 6600 level again.
If we see buying force here, it may go as my green arrows show. Then buy at 6600 is a buy at retracement, which is a good bet.
Now the bulls and bears are seems like holding each other right now, indecision. However, big movement shall come soon.
The low side (6600ish) of the sideway range shows some strenth here, keep an eye on this.
If we break down below 6600 with an obvious volumn, we may go as my red arrow indicate in the future. Then it is smart to short it when it goes up to heat the 6600 level again.
If we see buying force here, it may go as my green arrows show. Then buy at 6600 is a buy at retracement, which is a good bet.
Now the bulls and bears are seems like holding each other right now, indecision. However, big movement shall come soon.
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