Bitcoin. There are signals, but there is no trend.

BITFINEX:BTCUSD   Bitcoin / Dolar
In the previous review, we wrote about Bitcoin drawing a U-turn up.
However, $ 12,000 was never surpassed. And the rate fell below $ 10,000.
Now the trend indicators are on sale, both on the daily and weekly charts.
And the trades are at the level of the previous local minimum ($ 9,400)
Technically, everything speaks about the resumption of the fall and the appropriateness of opening short positions.
At the same time, we have a suspicion that this is another "drawn" signal. That means, there will not be a big downward movement. However, there won’t be any movement up either.
It seems that Bitcoin , like many other cryptocurrencies, is stuck in the range.
Borders are settled at $ 8000- $ 12000.
Before exiting the range, trend strategies will suffer a loss. Trading within the range is very difficult, since its borders aren’t strict and may well expand to $ 6,000- $ 14,000.
In this situation, it is preferable not to bid.

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