Bitcoin ranging again - 06.03.2019 #btc #btcusd #bitmex #tatip

Bitcoin has recently moved to the bottom of the range and after finding support it exploded on the upside. Price is now trapped between 2 Daily Breakers and remains inside the range. Most of the time when Bitcoin hits one side of the range and takes out the stops it reverses and reaches the opposite side. This means that if we get back bellow the EQ of the range the breaker could be traded on the opposite side targeting the bottom of the range.
On the other hand if price manages to get above the range AND the breaker it could bounce leading to higher levels than $4000.
Trade carefully.