Remember the last time the bulls had any conviction with to start April and the bull move started after a daily equilibrium.
Looking for clear break Thursday or Friday. Bulls still have proving to do and the bears have favor in this pattern until then.
Bulls still not seen two green days in a row in over a week.
A bull break will put us right into daily resistances, which will be a very key test for follow through.
BTCUSDLONGS are increasing and shorts decreasing the last few days.
Remaining patient and aware that when this break occurs, it will likely happen all at once and out of nowhere.
This is a scenario where a trade could establish a starter position within the tight range and just keep a stop loss for a bear break.
I do this when I dont want to have to chase and try and fill a full position on the way up.