How to Trade a Ranging Bitcoin
Bitcoin has consolidated in the upper 35K handle, testing 
36K, which has proven to provide some resistance. The Kovach OBV has leveled off, which suggests it is comfortable in this range for now. It is in a sideways consolidation pattern, which is much needed after such explosive growth. It may range more, but will eventually break out. Watch for support at 34.7K and 33.4K. We will see resistance at 38.6K and 41.9K.
36K, which has proven to provide some resistance. The Kovach OBV has leveled off, which suggests it is comfortable in this range for now. It is in a sideways consolidation pattern, which is much needed after such explosive growth. It may range more, but will eventually break out. Watch for support at 34.7K and 33.4K. We will see resistance at 38.6K and 41.9K.
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Join my discord at discord.io/quantguy
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.