Bitcoin corrected from the highs by about 15%, you and I have been tracking all this movement, with constant monitoring of trades, and we managed to make good profit on it.
At the moment the price is consolidating in a narrow range with the upper boundary where sales appear at 27600, and buy back the price at the lower boundary around 26500-26700, from this zone there are possible exits up and down. Trading inside this range will not bring any profit, and one has to wait for the exit of the price from this range, till this time buying or selling will be just a guessing attempt. Therefore, I will monitor the breakout or false-breakout and the appearance of volume for the entry set-up and try to make updates of this idea.
Of the important events that may influence the price is the release of US macrostatistics data - Tuesday 23.05 - PMI, 25.05 - GDP data.
Support the author subscribe ✅ and start rocket 🚀.
Good luck and profits to all.
At the moment the price is consolidating in a narrow range with the upper boundary where sales appear at 27600, and buy back the price at the lower boundary around 26500-26700, from this zone there are possible exits up and down. Trading inside this range will not bring any profit, and one has to wait for the exit of the price from this range, till this time buying or selling will be just a guessing attempt. Therefore, I will monitor the breakout or false-breakout and the appearance of volume for the entry set-up and try to make updates of this idea.
Of the important events that may influence the price is the release of US macrostatistics data - Tuesday 23.05 - PMI, 25.05 - GDP data.
Support the author subscribe ✅ and start rocket 🚀.
Good luck and profits to all.
