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Bitcoin Range Breakout Soon? Trade the range until it breaks!
KAVAUSDT Perpetual Contract
Bitcoin Range Breakout Soon? Trade the range until it breaks!
By zartraderguy
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May 30, 2022
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May 30, 2022
BYBIT:BTCUSD
BTCUSDT
Bitcoin has been consolidating in a range for 21 Days now.
There is a history of ranges forming on BTC and breaking out.
Is the pattern about to break out?
I evaluate the important levels to look out for, take a quick look at alts. (Hence the video title has KAVAUSDT in it )
2 Fibonacci Golden pocket reversal areas that I identify where price could reverse
My message is clear and simple:
Please be careful trading right now. Bitcoin is at a Tipping Point.
It could break up or down.
Heck, we could keep ranging for a few days, but whatever you do, make sure you protect your capital.
Not Financial Advice. DYOR. Papertrade before using real money.
If this analysis helped you, please consider giving it a thumbs up and following.
Trade Safely,
Shawn
Beyond Technical Analysis
Bitcoin (Cryptocurrency)
breakout
BTC
BTCUSD
BTCUSDT
crypto
Cryptocurrency
Fibonacci
Fibonacci Retracement
parallelchanel
Support and Resistance
zartraderguy
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