BTCUSD - Trapped in the Battlefield of Bulls and Bears
Bitcoin is trading sideways as buyers and sellers continue with their struggle over control of the trend. Sideways markets can be worth trading if they are range-bound, which I believe we are looking at one.
In this forecast, I am going to keep things simple and show you how my PRO members trade in this sideways market, whichever direction the trend goes.
If the buyers takes control and break above the channel, then price is likely headed to the upper (+) channel target range.
On the other hand, if the sellers win the battle and break below the channel, then we know that price would probably end up in the lower (-) channel target range.
This forecast is not a trade idea. However, if you are interested in my private forecasts and actionable trade ideas, please contact me directly through private chat.
Have a great day!
In this forecast, I am going to keep things simple and show you how my PRO members trade in this sideways market, whichever direction the trend goes.
If the buyers takes control and break above the channel, then price is likely headed to the upper (+) channel target range.
On the other hand, if the sellers win the battle and break below the channel, then we know that price would probably end up in the lower (-) channel target range.
This forecast is not a trade idea. However, if you are interested in my private forecasts and actionable trade ideas, please contact me directly through private chat.
Have a great day!
Comment:
Price broke above channel for a short while before coming back down. This means the channel is back in play.
