BITCOIN is consolidating in range from last 10 days ,marked in blue box
Looking at the chart,
The way I see it, BTCUSD has complete 1 move upside , marked as A , and now trading sideways at B corrective wave . hence we can have wave c upside ?
Price is below 200 and 50
is at low Level
If it goes above consolidation zone (Highlighted blue ) ,it can continue on the short term bias we are seeing with the recent breakouts to the upside.
But, if Bitcoin ( BTCUSD ) falls from here and close below these levels, it can start going down and test our next support levels .
Every impulse move upside/downside had been very fast and had taken short time .
These sideways are most difficult to trade , here many time trades fall in traps , rather impulse wave is easier to trade , where every indicator helps .
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