BTC has been ranging in this area for a while now with the 8000-8100 level so far acting as a titanium support; the combination of a falling wedge and strong support means I would typically place a long here. However, when btc chadded its way up from 6.8 to 8k without retesting it left a huge gap between the range. I am currently still holding onto a short from 8800 and will add to my short with stops if support breaks but will flip into a long if descending wedge plays out.
Expecting massive movement if support is broken. This is also a no trade zone imo if not already in a position.
Expecting massive movement if support is broken. This is also a no trade zone imo if not already in a position.
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