BTC played out HnS and now expecting it to be in range
Hello,
Its been a tough day for many of us but sometimes most obvious things we miss on Chart and I will be honest in saying that I also missed it. However look at the formations on HnS on chart. Clearly correction of 17K was on cards after it broke the neck line. Once it played out the HnS correction, it immediately went higher towards 41K.
My take, I will be opening new Long position on Daily close above 42K. I expect BTC to play in the range of 42K to 29K for a while, its big range but it is what it is so lots of opportunity for scalping.
Hope it helps!
Its been a tough day for many of us but sometimes most obvious things we miss on Chart and I will be honest in saying that I also missed it. However look at the formations on HnS on chart. Clearly correction of 17K was on cards after it broke the neck line. Once it played out the HnS correction, it immediately went higher towards 41K.
My take, I will be opening new Long position on Daily close above 42K. I expect BTC to play in the range of 42K to 29K for a while, its big range but it is what it is so lots of opportunity for scalping.
Hope it helps!
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