Bitcoin is in an equilibrium where it is finding Higher Lows and Lower Highs. I am very interested to see how it is going to react at the $6,000 range. Will we put in another Higher Low, or are we going to break through support which will end up putting in a Lower Low around the $4800-$5200 range?
I personally believe we will range from $6200-$7000 within this equilibrium until it either breaks bullish or bearish. The Apex of the triangle is right around mid to end of October where we should see some action, but until then, BTC is going to be very boring to trade as this range tightens, and I will be focusing more on Alts which are much more beat up and are at very nice buy zones for a relief bounce.
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest and adopt a crypto currency lifestyle. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader
I personally believe we will range from $6200-$7000 within this equilibrium until it either breaks bullish or bearish. The Apex of the triangle is right around mid to end of October where we should see some action, but until then, BTC is going to be very boring to trade as this range tightens, and I will be focusing more on Alts which are much more beat up and are at very nice buy zones for a relief bounce.
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest and adopt a crypto currency lifestyle. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader