Description
⋅ Price has been ranging for almost a month now.
I am trading the charts here, Not my bias.
I am gonna wait for breakout, whichever way this goes.
4 hour close below ~9400- short
4 hour close above 9800 long.
Invalidation would be if price returns back into the range.
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⋅ The larger range will make you cry.
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Is this a breakout? possibly.
But i am out of shorts atm.
It could go to 10.5 from here or get back into the range. volume is not supporting priec break atmCommentaire
⋅ u could take a bet its gonna go to 10.5, But with longer term tf resistances nearby i wonder how far price will go on this "breakout"
Lets wait and see.
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⋅ i bet long, lets see now. hopefully no further chop.
trading back inside the range would invalidate.
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⋅ Price can ofcourse wick..Risk management very important. i bet only 1% on this trade.
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⋅ im out of long and re-waiting again.
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⋅ price is back in range which invalidates breakout. now what btc?
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⋅ ^ only invalidated if price closes below 9850 on the 4h its not yet closed but very close to closing atm.
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⋅ Idea invalidated price just chopping atm. fake breakout.
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⋅ Back into the range for how long this time god knows.
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⋅ Short from 9800, Invalidated once it closes above this area.
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⋅ Break of 9400 would confirm bearishness - till then better be cautious.
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⋅ Imo this breakout is not yet valid.
Seems like its still ranging to me..
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back in range sigh.
wont be surprised if we see 9800 again.Commentaire
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Still grinding in the range.Any signs of failure to break the range would be bad for bears.Commentaire
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Ranging still.!!
It still might go and test the red area in the above chart. As long as grey area holds, dont be too bearish.Commentaire
⋅ gray area broken for now.
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⋅ Reclaim 9400 to invalidate short
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Neccc stil ranging bros. Bias to the downside as long as price below 9800