NicholasPaulCarl

BTCUSD TRADING RANGE FOR THE PAST ±6DAYS

BITMEX:XBT   Bitcoin / US Dollar Index
I have enjoyed watching this trading setup play out the past few days. Selling at the top of this range and buying back at the bottom with stop losses incase I was wrong.

Something to remember - If you look at the every large green candle(even to the smaller degree's) the market has almost always retraced 60 - 100% of that move. I don't trust these big pumps and almost parabolic moves, Last year Bitcoin was on steadily on corse to hit a new high $10,000 by the end of 2017 until we hit those parabolic moves to $20,000...then what happened? the market has almost always retraced 100% of that move and here we find ourselves with BTCUSD back down to $8000's where it all started.
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