DadShark

Range Trading Ahead for BTC!

BITFINEX:BTCUSD   Bitcoin
I've drawn up a short guide on how to properly range trade Bitcoin For the upcoming 24 hours. Due to the compressing 110 period distribution, Price is very unlikely to continue a new trend before sufficient mass has been shed. As such, the most likely scenario, and the best way to trade this is to take shorts from the top edge of the band and longs from the bottom of the band.

Think about it like this. If you're pushing a car up a hill and it gets too heavy and starts to roll back down on you, It's very unlikely that you're going to be able to stop the rolling car and continue pushing up it the hill.

Once sufficient mass has been shed, Bitcoin will be trendable once more.

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