It's been a long year watching BTC value slowly erode under the weight of momentum caused by the epic January crash.
As shown by the curved trendline, we are now in a fairly narrow trading range caught between strong support and a tightening area of resistance.
I'm neutral for the short-term, watching, waiting, for when this mammoth cruise ship completes its equilibrium with the bear trend momentum and finally finds its feet to begin an entirely fresh, bright eyed and bushy tailed, new bull run.
By the time the new bull run is evident, we'll already have gained double digit % gains on the price.
The first trading entry point based on the Ichimoku cloud looks like 10th October at $7,300.
Timing is everything.
So is position management.
Happy trading.
As shown by the curved trendline, we are now in a fairly narrow trading range caught between strong support and a tightening area of resistance.
I'm neutral for the short-term, watching, waiting, for when this mammoth cruise ship completes its equilibrium with the bear trend momentum and finally finds its feet to begin an entirely fresh, bright eyed and bushy tailed, new bull run.
By the time the new bull run is evident, we'll already have gained double digit % gains on the price.
The first trading entry point based on the Ichimoku cloud looks like 10th October at $7,300.
Timing is everything.
So is position management.
Happy trading.