Bitcoin / Tether

Choppy Waters - Whats your strategy

33
The BTC chart over the past few weeks has ranged around inside a fairly tight range (tight for BTC that is) and the pattern emerging is a fairly clear period of chop within a tight range (<4%) followed by a large swing one way or another (>4% in a single candle).
unless you actually like going full degen on bitmex and using 100X to trade $100 moves this is a difficult trading environment as the moves come out of the blue

However looking closer into the choppy periods I'm seeing a decent pattern emerging that the longer they continue the more BTC breaks down out of the pattern

Running through the last few periods of a couple of candles in 3-4% total range I count the following

Length of 'Chop' (<3-4% movement)
Short (<16h) Long (>20h)
Outcome Move Up 4 2
Move Down 1 5

it's no iron rule but I'll be keeping this in mind when I'm in a trade, the longer it ranges about the more i'll be positioned for a breakout down

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