In the previous post we explained how Bitcoin is changing and showing some range pattern instead of a bubble behaviour. It's important to adapt your trading style to market style, if you are still expecting crazy rallies in BTC you can be stuck here for months or maybe year.
Today we show you how we analyze the prices between long term ranges (green lines) and you can see ranges of +2% aprox. Please note that this is not a math class, so ranges can slightly vary and ranges only means more probabilities of offer or demand to appear and change the short term trend.
Trading near support and resisances offer a great risk reward ratio, so just enjoy until the price moves to the next big range.
The chart is showing a long and short trade idea, so feel free to adapt to your trading needs.
Good luck
It's highly reccommended to see the previous post, see related ideas.
Today we show you how we analyze the prices between long term ranges (green lines) and you can see ranges of +2% aprox. Please note that this is not a math class, so ranges can slightly vary and ranges only means more probabilities of offer or demand to appear and change the short term trend.
Trading near support and resisances offer a great risk reward ratio, so just enjoy until the price moves to the next big range.
The chart is showing a long and short trade idea, so feel free to adapt to your trading needs.
Good luck
It's highly reccommended to see the previous post, see related ideas.
Trade closed: target reached:
Trade done, the price move to the next level as expected in few hours. Keep posted for more easy trades based on chart patterns.
