Price has been ranging for almost a month now.
I am trading the charts here, Not my bias.
I am gonna wait for breakout, whichever way this goes.
4 hour close below ~9400- short
4 hour close above 9800 long.
Invalidation would be if price returns back into the range.
I am trading the charts here, Not my bias.
I am gonna wait for breakout, whichever way this goes.
4 hour close below ~9400- short
4 hour close above 9800 long.
Invalidation would be if price returns back into the range.
Commento:
The larger range will make you cry.
Commento:
Commento:
Is this a breakout? possibly.
But i am out of shorts atm.
It could go to 10.5 from here or get back into the range. volume is not supporting priec break atm
Is this a breakout? possibly.
But i am out of shorts atm.
It could go to 10.5 from here or get back into the range. volume is not supporting priec break atm
Commento:
u could take a bet its gonna go to 10.5, But with longer term tf resistances nearby i wonder how far price will go on this "breakout"
Lets wait and see.
Lets wait and see.
Commento:
i bet long, lets see now. hopefully no further chop.
trading back inside the range would invalidate.
trading back inside the range would invalidate.
Commento:
Price can ofcourse wick..Risk management very important. i bet only 1% on this trade.
Commento:
im out of long and re-waiting again.
Commento:
price is back in range which invalidates breakout. now what btc?
Commento:
^ only invalidated if price closes below 9850 on the 4h its not yet closed but very close to closing atm.
Commento:
Idea invalidated price just chopping atm. fake breakout.
Commento:
Back into the range for how long this time god knows.
Commento:
Short from 9800, Invalidated once it closes above this area.
Commento:
Break of 9400 would confirm bearishness - till then better be cautious.
Commento:
Imo this breakout is not yet valid.
Seems like its still ranging to me..
Seems like its still ranging to me..
Commento:
Commento:
range broken?
range broken?
Commento:
back in range sigh.
wont be surprised if we see 9800 again.
back in range sigh.
wont be surprised if we see 9800 again.
Commento:
Still grinding in the range.Any signs of failure to break the range would be bad for bears.
Still grinding in the range.Any signs of failure to break the range would be bad for bears.
Commento:
Ranging still.!!
It still might go and test the red area in the above chart. As long as grey area holds, dont be too bearish.
Ranging still.!!
It still might go and test the red area in the above chart. As long as grey area holds, dont be too bearish.
Commento:
gray area broken for now.
Commento:
Reclaim 9400 to invalidate short
Commento:
Neccc stil ranging bros. Bias to the downside as long as price below 9800
Neccc stil ranging bros. Bias to the downside as long as price below 9800