BTC has traded within the $29.7k-$31.5k range for almost a month now. Until the range is broken, traders can look to long the lows and short the highs.
The RSI formed a hidden bearish divergence with the price as it made a higher high while the price made a lower high within the past two days, suggesting a continuation southward was likely. The OBV also favored the sellers. Yet, the range formation can be assumed to be in play until breached.
Entry: $29.7k-$29.9k
Take-profit: $31.5k (although the mid-range at $30.6k can also be used)
Stop-loss: $29.5k (further losses below the $29.5k would invalidate the idea)
The RSI formed a hidden bearish divergence with the price as it made a higher high while the price made a lower high within the past two days, suggesting a continuation southward was likely. The OBV also favored the sellers. Yet, the range formation can be assumed to be in play until breached.
Entry: $29.7k-$29.9k
Take-profit: $31.5k (although the mid-range at $30.6k can also be used)
Stop-loss: $29.5k (further losses below the $29.5k would invalidate the idea)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.