Good evening everyone
As for Bitcoin, I think everyone has noticed that we have been in a very narrow range for the second week in a row.between the support of 9400 and the resistance of 9880. According to statistics, the narrower the range in which the price stands for a long period of time, the more powerful the impulse will be in one direction or another. The question is, how will it take a ride on this impulse ?!
If we consider globally, then it’s obvious that there will be a cue ball at least 10400-11000. There is a pattern - a triangle and a clear pull to its upper border (we do not take price into account at 10400).
Locally, the picture that is being drawnthe last two weeks, completely different. Here you can see the head and shoulders, with the neck line at 9400 (it is also the support line) and the right shoulder in the form of a descending triangle, and the correspondence of this triangle to the Phoebe level 62, and a falling price range for the last two days. Separately, all this is very rude and far-fetched, but if we collectively consider all of these signals, we simply cannot ignore them.
In general, I will act like this: I wait for the price to go out of the range 9400-9880 and enter the direction of movement. I will put the stops immediately under the level that we will break through.
I remind you that I express my point of view here,I describe and argue my actions on the stock exchange and do not impose anything on anyone. I could be wrong, but I'm open to any criticism. Write in the comments what you think.
Good luck, and all profit.
