Bitcoin has broken out of a bigger range from the 13th of June and is above the Value area high of the recent range breakout and the larger range it broke out from. If we can hold the VAH of both ranges and continue to make Higher High's and lows, we could be back at $29000 before we know it. Of course there is a bearish argument and we need to be aware that if we break down, we could go lower than $16000.
Trade the ranges until they break - I show you the Swing Failure Pattern I traded today.
Not Financial Advice. DYOR. Papertrade before trading with real money.
If you liked this idea, please give it a thumbs up and follow. Comment on how you are trading BTC right now. Safe trading! Shawn
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