BITCOIN RANGE LONG TRADE

Pair has been in a 1H range for a while
Price at bottom of range
Wicks at bottom of range shows no sellers
If price reverses it can rise to 50 sma and pause
Price could consolidate there or break above 100 sma
Price could then rise to top of range.

Komentarz:

15m/1H dual chart helps to follow price

Komentarz:

sorry 1H - 15m

Komentarz:

On our 15m chart we have either a bearish flag or an ascending channel

Komentarz:

1st take profit hit

Komentarz:

Price fell back into ascending channel
Price now has broken above channel
Price has entered 2nd long trade

Komentarz:

Hit top of range take profit

Komentarz:

Bounce of top of range short trade

Komentarz:

Bullish breakout of range top

Komentarz:

Price took out take profit at -61.8% fib like a freight train