NextLevelCrypto

Weekend silence in the Bitcoin market

BITSTAMP:BTCUSD   Bitcoin
Small movements appear currently in the market.

The buyers and sellers don´t argue about the price and found an equilibrium.

We can see two trading ranges: a wide range and a small range.

The price is in the small range right now. So we as traders have two upcoming opportunities: to long or to short the price at the boundaries.

It is always risky, so a good risk management is important.

My first target would be the wide range´s boundary.

Probably the weekend will be quiet, so i don´t expect big moves right now or on Sunday.
On Monday a new week starts and the forces will clash once again.


If you found this post helpful, like, comment, and subscribe!

Telegram Signals
t.me/NextLevelCrypto

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.