BTC nearing decision point.

Price has been ranging for almost a month now.

I am trading the charts here, Not my bias.

I am gonna wait for breakout, whichever way this goes.

4 hour close below ~9400- short

4 hour close above 9800 long.

Invalidation would be if price returns back into the range.

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The larger range will make you cry.

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Is this a breakout? possibly.

But i am out of shorts atm.

It could go to 10.5 from here or get back into the range. volume is not supporting priec break atm

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u could take a bet its gonna go to 10.5, But with longer term tf resistances nearby i wonder how far price will go on this "breakout"

Lets wait and see.

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i bet long, lets see now. hopefully no further chop.

trading back inside the range would invalidate.

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Price can ofcourse wick..Risk management very important. i bet only 1% on this trade.

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im out of long and re-waiting again.

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price is back in range which invalidates breakout. now what btc?

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^ only invalidated if price closes below 9850 on the 4h its not yet closed but very close to closing atm.

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Idea invalidated price just chopping atm. fake breakout.

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Back into the range for how long this time god knows.

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Short from 9800, Invalidated once it closes above this area.

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Break of 9400 would confirm bearishness - till then better be cautious.

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Imo this breakout is not yet valid.

Seems like its still ranging to me..

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range broken?

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back in range sigh.

wont be surprised if we see 9800 again.

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Still grinding in the range.Any signs of failure to break the range would be bad for bears.

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Ranging still.!!

It still might go and test the red area in the above chart. As long as grey area holds, dont be too bearish.

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gray area broken for now.

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Reclaim 9400 to invalidate short

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Neccc stil ranging bros. Bias to the downside as long as price below 9800