BTC has traded within the $29.7k-$31.5k range for almost a month now. Until the range is broken, traders can look to long the lows and short the highs.
The RSI formed a hidden bearish divergence with the price as it made a higher high while the price made a lower high within the past two days, suggesting a continuation southward was likely. The OBV also favored the sellers. Yet, the range formation can be assumed to be in play until breached.
Entry: $29.7k-$29.9k
Take-profit: $31.5k (although the mid-range at $30.6k can also be used)
Stop-loss: $29.5k (further losses below the $29.5k would invalidate the idea)
The RSI formed a hidden bearish divergence with the price as it made a higher high while the price made a lower high within the past two days, suggesting a continuation southward was likely. The OBV also favored the sellers. Yet, the range formation can be assumed to be in play until breached.
Entry: $29.7k-$29.9k
Take-profit: $31.5k (although the mid-range at $30.6k can also be used)
Stop-loss: $29.5k (further losses below the $29.5k would invalidate the idea)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.