About my article on the 5 day standard deviation, For those who haven't read it:
https://www.publish0x.com/trade60/it-would-be-nice-to-know-the-range-of-a-stock-or-crypto-the-xomdmpq
I report the range of BTC that we expect today.
So the range we expect today should be between 48997 and 53648.
The grafic D1 has formed a swing point, if the volumes support us we will expect a rise. We'll see.
We bounced from 51000$ support level, this is a good sign. We're still inside the descending channel and tested it's support.
Priority will be strongly bullish when we break the ascending resistance and 54200$ level.
No reason to be in panic for now.
Grafic: Tradingwiew.com
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.
