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BitcoinMaximus1

Bitcoin's Breakout - Valid Or Not?

Bitcoin / TetherUS (BINANCE:BTCUSDT)  
BitcoinMaximus1 Aggiornato   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTCUSDT BTC btcshort breakout breakoutsignal breakouttrading breakoutfailure
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trendanalysis chartpattern indicator btcusd btcusdt btc btcshort breakout breakoutsignal breakouttrading breakoutfailure
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The price is in the process of breaking out above its trading range.

However, volume is minimal, making it more likely that the price falls back within the range.

A decrease below $7150 would be the entry trigger, with a target of $6700.
Commento:
Trade going as planned, BTC has decreased and fallen back inside the range. Expecting more downside in the short/medium-term.
Commento:
snapshot

The price has already reached the range EQ. Waiting for the range low.
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