MMBTtrader

BTCUSD Range zone and sharp moves after breakout

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BITSTAMP:BTCUSD   比特币
As we can see the price was range for while between 45K$---52K$ and if the support of this range zone(45K$) or resistance(52K$) breaks we can expect sharp movements for the price because now so many stop losses are set there.

also, the price is near strong supports that all are mentioned on the chart and we can expect a rise like green arrows on the chart.

Notice: Only if 40K support zone break price can get bearish and dump.

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