We are at the same prices as 4 days ago, aside from very brief dumps and spikes. Patiently waiting for a break and some closes above this set range, to indicate potential follow through. The bears still have the upper hand since the dump from the highs. Sideways trading in BTC means look to alts for potential clear setups, as they often have space to do their own thing when this is the case. Otherwise traders are sitting on their hands waiting. I do not like clarity of bull nor bear entries while within this range.
At the end you have to guess the medium term trend.
TradingShot
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Exactly. I also see sideways movement as long as the 1W MA200 holds and there is resistance at 4250. Most likely the price will consolidate for a few days hence I am looking to buy the dips above the 1W MA200 and target 4100.