Btc Playing In The Range
Btc is currently struggling in between 20k and 18k zone, there's a lot of indecision In that region. The major question is will that demand zone hold?
If it fails we going down massively.
Btcusdt Technical analysis Daily Chart 📈
On the daily timeframe base on my previous analysis you can see we are at the zone for the buy setup but we won't just jump into the market because the lower timeframe still haven't showed any sign for a buy so we sit our ass Down and watch the price action play out.
The daily support or demand zone is holding so tight so we might have to watch it out for some days to see what happens before we can say is going bullish or not we allow price action to pass out the signal to us directly.
The 4HR Chart 📈
4hr timeframe the price is on our execution phase but we are to sit and watch the price.
Currently the price is at discount range. Once the price is at range we expect a major break out either upward or down but the expansion determines where we are going to trend. Then range is not advisable for people to trade because it points out the indecision in the market.
It simply means that no body is in control of the market either buyers or sellers no nobody is on control at the moment so we sit and watch.
NOTE: THIS IS NOT A FINANCIAL ADVICE ALWAYS MAKE YOUR ANALYSIS AND RESEARCH BEFORE INVESTING ON ANY OF MY PREDICTION OR ANALYSIS.
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