As you can see on the chart, price rejected the 128 reversal zone boundary. It has also found support off of the 117 to 113 minor (.618 of recent structure). An adjusted is still in play which means as long as it holds, price can still grind higher.
Even though this may be the case, there are no long setups to talk about. And as long as the 138 (.382 of broad structure) stays intact, it is not reasonable to expect a sustained rally any time soon.
In times of price conflict, the best thing to do is avoid trading. Even on the inventory building side, these are not low enough prices to make them attractive.
Also keep in mind BTC is still fluctuating near a which means there is still more potential than .
At S.C., our plan is to see if these markets offer opportunities by retesting significant lows. In this market those would be the 113 or sub 108 areas. If price can develop reversal candles in these areas, a swing trade long idea may be in order. Otherwise we are not initiating any new longs.
Quiet markets are good for two things: researching undervalued high potential alts and quietly accumulating them. You want to buy them when the herd is not excited or not looking, NOT when they are being hyped by every coin blog in existence. On S.C. we always make it a point to write about the ones that we see the most potential in. Instead of getting caught in forced trades, research your next possibility.