Bitcoin in a Stable Trading Range on the 15min

13 Sep 2021

BTCUSDT has formed a stable ranging market, lending a higher degree of predictive power to indicators like squeeze momentum, rsi, macd, and stochastic. I have laid out some potential trades that I can see coming up. The short position I see as less likely (approx. 30%) and the potential downside would be lower since we're bullish on the macro. The long position I'm giving more likelihood to (approx. 70%), and this has more upside potential since the fundamental bullishness supports this move.