OKEX:BTCUSD3M   BTCUSD Futures Contract 25 Dec 2020
As the nine month range gets tighter, price is positioned for a move soon.

Prepare a trading plan before the move happens.

<6000? --> likely quick path ~4k
>7200? --> likely quick path to previous local highs, 8.4k, 10k, 11.4k
Comment: SL for R:R will adjust to:
- local high for short entry if we drop below 6k
or
- below local low if we rise above 7300.

Comments

or a stable coin pegged at $6K?
+3 Reply
Ether vmrnss
@vmrnss, Who would want a stable #bitcorn only Losers. You can't tame the Kraken!!!1
Reply
I always enjoy your updates. They've especially helped expand my trading toolbelt during this prolonged bearishness. Thank you, Josh!
+2 Reply
unfortunately, doom is the way it will go. bottom is just under 3k.
Reply
Ya I've been noticing some interesting moving averages squeezes on multiple HTF's. Check out the BTC weekly chart (the Coinbase one specifically); it's been sandwiched between the 50 week MA and the 85 week EMA for 4 months!
Reply
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