Hello guys.

Price is ranging right now without a clear direction. its not worth buying right now in these conditions.

As i clearly show on the chart we have 2 possible scenarios.

1) Price follows the purple lines and retracts. You can look for buying zone (yellow circle) at 3700$

2) Price breaks the top down trend line ( blue) and follows the green lines. I advice to wait until the price retracts to the yellow circle (4115$) to place the LONG order. (take profit at the superior circle, 4460$)

Please remember that patience usually pays off. It makes no sense to place a mindless order just because we are impatient. The good thing is the market always give us new trading opportunities.


Good Trading! :)

If you like this analysis and profit with it don't hesitate about following me and thumbs up this chart.

TIPS are welcome too:
BTC: 19sYzxs7GiES8fJpLaXtjawDxxxY3MW5H5
Kommentar: Still uncertain. Waiting for a clear break out of the blue line (4100$+) or the descending to point C (3700$)
Trade ist aktiv: Look at this Guys.

It took his time but entry (C) hit.

Now we are long on this.
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