Bitcoin Update
Yesterday Price closed near to Its Open . So as updated it was a range day.
Today's Open is also weak, Two side trading so basically signal range type price action today also.
Previous Open (PO) will serve as Resistance for now. Price should break above in order to test Range High or Previous High (PH)
If price fails to break the PO then expect test to range low, Previous Low (PL).
Basically, look to buy from Range Low and Sell from Range High. Avoid trading in middle of the range if you are beginner. You will be trapped easily.
Yesterday Price closed near to Its Open . So as updated it was a range day.
Today's Open is also weak, Two side trading so basically signal range type price action today also.
Previous Open (PO) will serve as Resistance for now. Price should break above in order to test Range High or Previous High (PH)
If price fails to break the PO then expect test to range low, Previous Low (PL).
Basically, look to buy from Range Low and Sell from Range High. Avoid trading in middle of the range if you are beginner. You will be trapped easily.
I have also marked some entries throughout today's trading.
Green Dashed : Long ; Red Dashed : Short
My Trade