learn2trade

BTCUSD: Let it RANGE!

BITSTAMP:BTCUSD   Bitcoin
The recent price action suggests Bitcoin is ranging within the band created by 30K support and 42K resistance levels.

Since the volume has been pretty weak so far after the crash from 64K high, I see a possibility of revisiting 30K levels again which, in my opinion, would be a great opportunity to buy or add more for the long term.

Patience is key, so sometimes no action is the best action to be taken.

Happy trading and please don't forget to do your own du diligence and analysis!
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