BTC Ranging and Planning Trades

29. März 2023

We are back to the time where I like to set up for some trades. Some of my favorite trading comes when BTC defines a stable range like it has, this involves being patient to allow BTC to sweep high and low liquidity of the range. But once that range forms and has time to develop, the likelihood of the next move out of the range being a confirmed breakout increases. And we are now at that point where I am reasonably confident that when BTC moves out of this range, it will likely be the confirmed breakout and not a swing failure.

So what I am doing at this time is preparing for the altcoin trades that I want to take. I will only enter these when BTC breaks out of the range because I prefer not to get caught up in the noise of trading within the range. So the key here is to time the altcoin entries well so that the altcoin is breaking out of its respective pattern at the same time that BTC is breaking out of its range.

This is not a complete list, but here are a few ranging altcoins that I am watching:

ETH
https://www.tradingview.com/x/wLxP5Lj0/

BAT
https://www.tradingview.com/x/kUpDaGXw/

PEOPLE
https://www.tradingview.com/x/C6EtbOqq/

AVAX
https://www.tradingview.com/x/0cpjyhWK/