TheChartGuys

Bitcoin very tight, patience is key

COINBASE:BTCUSD   Bitcoin
Not forcing any trades today until we see a break of the tight, low volume, low volatility range. Even if we see a break of support or resistance, if it does not come with volume to back it up, it will not be very convincing. We have been so tight the last 24 hours or so that I do believe some time today we will see the action pick back up again. Waiting for the break to determine direction and cautious of a potential bearish head and shoulders pattern on the 4 hour chart.

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