BTC Setting up for Trading Range between 30k--40k
See chart, we are at a resistance level with an hourly uptrend - it is containing price well at the moment but overall on D chart price is struggling to reach a new high.
A break of this channel would expect a move to midline of range around 35500 or lower to support at 30000. BTC has been on a run, so a breakout upside is not excluded however based on the latest test up here I would be bias toward a range or Move more likely to downside.
Trade with care!
A break of this channel would expect a move to midline of range around 35500 or lower to support at 30000. BTC has been on a run, so a breakout upside is not excluded however based on the latest test up here I would be bias toward a range or Move more likely to downside.
Trade with care!
Comentarios:
See comments below for updated chart - the breakout did pull back and gave 2 entry setups as noted in follow up charts.
Comentarios:
uptrend is running out of steam, look for channel break soon -once we break, we will look for structure change and update..
