Crypto mechanic told you there is nothing going on it is just a range.
نشر
CRYPTO MECHANIC
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Bitcoin Weekly Update
Nothing has really changed in price. Bitcoin has been trading within this range for the past 8 weeks.
Based on the weekly chart, I don't have a clear direction that tells me it's ready to move up or down. It is simply range-bound.
Once price gives a weekly close above the $66k-$67k zone, then we can start talking about some short-term upside based on the weekly chart. Right now, there is nothing on this chart.
I still believe this is less of a trading market and more of a market where you should be looking to accumulate Bitcoin for the next few months or years, depending on whether you believe the bottom is in or not.
Trading this chop will make you lose a lot of money if you don't know what's going on.
** Daily Chart **
Same price action. Range-bound. No clear moves. It's just a few green candles followed by some red candles, and people are flip-flopping their bias from bullish to bearish.
Last move came because of the war headline once again. But we can ignore that and simply focus on the chart, and the chart is doing nothing for now.
The way the price structure is developing, we can assume that a directional move is coming soon, probably this week, as we have the FOMC and some other news coming up.
There is no clear trade setup that I can confidently share. All I can say is: SURVIVE THE CHOP. Good times will come soon.
Nothing has really changed in price. Bitcoin has been trading within this range for the past 8 weeks.
Based on the weekly chart, I don't have a clear direction that tells me it's ready to move up or down. It is simply range-bound.
Once price gives a weekly close above the $66k-$67k zone, then we can start talking about some short-term upside based on the weekly chart. Right now, there is nothing on this chart.
I still believe this is less of a trading market and more of a market where you should be looking to accumulate Bitcoin for the next few months or years, depending on whether you believe the bottom is in or not.
Trading this chop will make you lose a lot of money if you don't know what's going on.
** Daily Chart **
Same price action. Range-bound. No clear moves. It's just a few green candles followed by some red candles, and people are flip-flopping their bias from bullish to bearish.
Last move came because of the war headline once again. But we can ignore that and simply focus on the chart, and the chart is doing nothing for now.
The way the price structure is developing, we can assume that a directional move is coming soon, probably this week, as we have the FOMC and some other news coming up.
There is no clear trade setup that I can confidently share. All I can say is: SURVIVE THE CHOP. Good times will come soon.
إخلاء مسؤولية: يتضمن آراء جهات خارجية. لا تُعدّ نصيحة. يُمكن استخدام Binance AI دون أي ضمان. اطلع على الشروط والأحكام.