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BTC made a strong comeback, which i did not expect. The fundamentals as you know it's awful, but i had no way of knowing commercial banks are going to list it and the dollar would lose so much value.
From what i am seeing i believe a ranging period is about to start, between 9.2 and 112.
We are close to some very important areas, the 2 golden lines. If we manage to close daily above the first one we must overcome the next. Ascending trend was broken, we are managing to stay above the convergent line of resistance like pros, hope is in the air.
Bollinger Bands did their work, the contrast indicated us the big move, and every trader should of went long at 9.7, i was thinking short but didn't position myself into the market.
Things look good at the moment, but i would first way to break the first golden line in order to go long, scalps should be somewhat safe here studying lower timeframes.
Conclusion, ranging period with a good possibility of breaking the price upwards !
From what i am seeing i believe a ranging period is about to start, between 9.2 and 112.
We are close to some very important areas, the 2 golden lines. If we manage to close daily above the first one we must overcome the next. Ascending trend was broken, we are managing to stay above the convergent line of resistance like pros, hope is in the air.
Bollinger Bands did their work, the contrast indicated us the big move, and every trader should of went long at 9.7, i was thinking short but didn't position myself into the market.
Things look good at the moment, but i would first way to break the first golden line in order to go long, scalps should be somewhat safe here studying lower timeframes.
Conclusion, ranging period with a good possibility of breaking the price upwards !
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