Downside levels on 1d and channels on 15m to trade tighter range.
ATR on 15m to access and estimate volatility on intra tf.
DMI on 1d and 15m to gauge strength of trends.
Tread lightly and make bigger product in tighter ranges.
Appreciate the risk. Secure profit.
Note: Unsure if realtime VPVR is permitted for publishing. Tag me in gen pop if you want a screenshot.
Three possible midterm move for BTC can be seen in today's chart:
1- It continues moving up to $13,000 which I see it unlikely.
2- Bouncing down to $8,600 to fulfill Fibonacci 0.5 ratio which is more likely.
3- Bouncing down to $6,250 which creates a double bottom and is the most desirable form for BTC if we want to see a constant rise, even slowly, afterwards....
