BTCUSD in a tight range with room to head lower.
Price Altitude: Middle
Daily Trend: Down
4H Trend: Range
Analysis: BTCUSD is currently in a tight range on the 4h timeframe. It is basing high on price altitude (around 75% line).
Prediction: Continued range environment with a bias toward more downside should the range break.
Price Points of Interest:
4h Supply @ 6446
4h Demand @ 5908
4h Demand @ 5364
4h Demand inside Daily @ 4847
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Daily Trend: Down
4H Trend: Range
Analysis: BTCUSD is currently in a tight range on the 4h timeframe. It is basing high on price altitude (around 75% line).
Prediction: Continued range environment with a bias toward more downside should the range break.
Price Points of Interest:
4h Supply @ 6446
4h Demand @ 5908
4h Demand @ 5364
4h Demand inside Daily @ 4847
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Comment:
BTCUSD broke the range and bounced off 5908 as expected.