BTC Still Stuck in a Range! What Next?
BTC broke below our 16.7k support and continues to remain in a range between 16.7k and 16.3k. I would not take a trade here until it gets to one of the aforementioned levels.
The Wave Fusion indicator still hasn't given a buy and I'm waiting for a sharp move in either direction to get some volatility and create some mean diversion.
The 50, 100, and 200 EMA still remain big resistance from 16.7k-17k so I expect it'll take a catalyst to break above them this time. This still leads me to more downside. I'm targeting at least 16,3k for BTC then 16.1k (where I'll be DCAing both times).
If you enjoyed my TA, please send a boost my way and leave a comment :)
The Wave Fusion indicator still hasn't given a buy and I'm waiting for a sharp move in either direction to get some volatility and create some mean diversion.
The 50, 100, and 200 EMA still remain big resistance from 16.7k-17k so I expect it'll take a catalyst to break above them this time. This still leads me to more downside. I'm targeting at least 16,3k for BTC then 16.1k (where I'll be DCAing both times).
If you enjoyed my TA, please send a boost my way and leave a comment :)
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