BTC - 15 minute / Range Day
Bitcoin is struggling to Hold up at Support.
The reaction should arrive Wednesday for Time.
The 15 Minute broadening range to the downside
requires defense and Buyers above 42K and a press
above 44K.
BTC will need to cross 50365 to regain the Upper
Hand in the Trade, otherwise it could trade sharply
lower to 33K.
Catch as Catch can here at this level.
We're on the sidelines for resolution, it's been awhile since
we've done much other than SELL BTC Futures off the
CASH 69K attempt - our indicated high for the range
above was 69 - 75K.
The sentiment is confused, unsure whether to press their luck
or exit - Traders are undecided at this level, unwilling to do
much of anything as Volumes have dropped off significantly
since this last Sell.
The reaction should arrive Wednesday for Time.
The 15 Minute broadening range to the downside
requires defense and Buyers above 42K and a press
above 44K.
BTC will need to cross 50365 to regain the Upper
Hand in the Trade, otherwise it could trade sharply
lower to 33K.
Catch as Catch can here at this level.
We're on the sidelines for resolution, it's been awhile since
we've done much other than SELL BTC Futures off the
CASH 69K attempt - our indicated high for the range
above was 69 - 75K.
The sentiment is confused, unsure whether to press their luck
or exit - Traders are undecided at this level, unwilling to do
much of anything as Volumes have dropped off significantly
since this last Sell.
Penafian
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