Based on the standard deviation calculated over 5 days, I report the daily range of prices that I expect today: MAX 60835 LOW 58895. I have drawn two lines on the H4 graph.:
As long as the price remains above the $ 58500 and $ 60,000 support levels, the priority is strictly bullish.
Goals are found at the $ 63,000 and $ 66,000 levels. More likely we will see an instant pump with only one purpose: to activate SHORT stop loss before proceeding to a downward correction.
I would use any downward corrections to buy.
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
