yap; the title might be confusing, so lets discuss it a little bit. we have been in this tightening range for a while and i think it's going to end soon. i am leaning towards long, but there are signs that we might be on the verge of a cliff too. in my opinion, if the reverse H&S pattern completes, we might see another wave up to touch former highs and even break them. on other hand, if we break the lower golden trend-line and can't get above it very fast, i think downward pressure will prevail.
so right now, you may enjoy the ALT season as it lasts and watch carefully for BTC's next move.
all indicators on 1H and 4H are in good shape except MACD which in my opinion is of great importance in situations like this, but higher time frames, tell a different story; so it might be meaning that any upward movement could be a shaky one, so trade safe and do your own research before acting.
so right now, you may enjoy the ALT season as it lasts and watch carefully for BTC's next move.
all indicators on 1H and 4H are in good shape except MACD which in my opinion is of great importance in situations like this, but higher time frames, tell a different story; so it might be meaning that any upward movement could be a shaky one, so trade safe and do your own research before acting.