On the 6 Hour XBT/USD, we can see the price begin to test the resistance of the 50 and 200 EMA. We are currently range-bound between $10,000 and $12,000, an area of copious uncertainty, with a history of determining breakouts or fallouts.
The price is still holding true above the cloud support after the Kumo Twist was printed. Sideways action seems to be the trend temporarily until we can see an influx of volume, which has been severely lacking these past couple of weeks.
Frustration amongst most is rising, but in most scenarios similar to this the best position is no position. Patience is key. Things happen fast in this market.
As always, this is not financial advice.
The price is still holding true above the cloud support after the Kumo Twist was printed. Sideways action seems to be the trend temporarily until we can see an influx of volume, which has been severely lacking these past couple of weeks.
Frustration amongst most is rising, but in most scenarios similar to this the best position is no position. Patience is key. Things happen fast in this market.
As always, this is not financial advice.