Hello guys.
Price is ranging right now without a clear direction. its not worth buying right now in these conditions.
As i clearly show on the chart we have 2 possible scenarios.
1) Price follows the purple lines and retracts. You can look for buying zone (yellow circle) at 3700$
2) Price breaks the top down trend line ( blue) and follows the green lines. I advice to wait until the price retracts to the yellow circle (4115$) to place the LONG order. (take profit at the superior circle, 4460$)
Please remember that patience usually pays off. It makes no sense to place a mindless order just because we are impatient. The good thing is the market always give us new trading opportunities.
I WILL BE UPDATING THIS CHART IN A FEW HOURS.
Good Trading! :)
If you like this analysis and profit with it don't hesitate about following me and thumbs up this chart.
TIPS are welcome too:
BTC: 19sYzxs7GiES8fJpLaXtjawDxxxY3MW5H5