Bitcoin Update
Yesterday I told you that I expecting upside BO and we did see higher prices.
Today we have gap up opening and with another leg up. So expecting a Bull Trending Day again.
Since the open strength is good. Price is staying above the EMA and which is a good sign. Currently, There is a chance of testing the Breakout, Yesterday's High and EMA test. Price is struggling at Today's High currently, so the test to EMA, 36400 is expected. Might take a buy from that point but needs to get there first.
In scenario of weakening of Bull trend till the end of day then we might test the Open of the Day as Support, 3505.
Currently Wait to Long, Price might go sideways testing 36400. Scalp Inside the Trading Range (Sideways). Add onto you position if price breaks Today's High again.
Yesterday I told you that I expecting upside BO and we did see higher prices.
Today we have gap up opening and with another leg up. So expecting a Bull Trending Day again.
Since the open strength is good. Price is staying above the EMA and which is a good sign. Currently, There is a chance of testing the Breakout, Yesterday's High and EMA test. Price is struggling at Today's High currently, so the test to EMA, 36400 is expected. Might take a buy from that point but needs to get there first.
In scenario of weakening of Bull trend till the end of day then we might test the Open of the Day as Support, 3505.
Currently Wait to Long, Price might go sideways testing 36400. Scalp Inside the Trading Range (Sideways). Add onto you position if price breaks Today's High again.
Till not price is ranging between Open and High of the Day. Expect price to show weakness around Range High ie. Today's High and Range Low ie. Swing Low 35617.
Look to Buy Low and Sell High. Many Traders would have been trapped today by good bear climax as well bulls climax. Trading Range Creates confusion and disappointment in the market.
Beginners should avoid trading in Trading Range and wait for Breakout of Trading Range.