BTC new Balance Range. Where will we head after?
BTC new Balance Range. Where will we head after?
Comment:
Unless this is a fake breakout to chop the traders and cover the attorney fees, Bitfinex chart looks like a breakout of the range into new balance zone from 6461 (directional conviction dive under 6k) and the former high-value node of 5670. Before the break-out or breakdown from this range, the boundaries should be quite predictable to trade off.