Bitcoin's Breakout - Valid Or Not?
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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.
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.
Kommentar
Trade going as planned, BTC has decreased and fallen back inside the range. Expecting more downside in the short/medium-term.Kommentar
The price has already reached the range EQ. Waiting for the range low.
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