$BTC The weekly indicators have recovered very nicely, but the daily indicators are rather messy. Let’s see how the market moves over the last few days of this week. If the daily indicators turn bullish after recovering over the next few days, the market may be about to shift from choppy declines to choppy gains.
But given the broader environment right now, we still need to grind through a period of consolidation. For futures traders, whether the market chops downward or upward doesn’t really matter as long as they trade swings—either direction works. Trend traders, on the other hand, care a lot about this. But with the broader environment looking poor, waiting for a trend can be painfully tedious and test your patience.
But given the broader environment right now, we still need to grind through a period of consolidation. For futures traders, whether the market chops downward or upward doesn’t really matter as long as they trade swings—either direction works. Trend traders, on the other hand, care a lot about this. But with the broader environment looking poor, waiting for a trend can be painfully tedious and test your patience.
