Whats up with BTC?

in #bitcoin • 6 years ago

A story that ranges between 9850 and 8850 .

For the past 16 days, Bitcoin has been trading in a range between 9850 and 8850 USD! This is an expected phase after a price correction! At this point, Stochastic indicators tell us nothing, neither on the Monthly, weekly, nor daily charts since the range is dominant and all stochastic curves are semi-flat! One thing to watch for is a breakout and confirmation above the 9850 level or below 8850 level! This is what it is at the moment! anyone trying to predict movement , is purely guessing!

How to make some profit in a range? sell as USDT at around 9850, and buy BTC again at around 8900.. thats 900 $ in between if you got the balls for it.. and of course, if you manage your limit orders properly!

Screen Shot 2018-05-09 at 4.50.54 PM.png
Screen Shot 2018-05-09 at 4.51.11 PM.png

#btc #technical-analysis #cryptospective
6 years ago in #bitcoin by
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