BTC clear view for long or short
Bitcoin still can not moves from its sideways pattern which is not very interesting for us as a day trader. The lack of volatility and a lot of choppiness is becoming the main problem we are facing right now. Because with this market condition, the risk deviation is getting higher and the uncertainty remains on current condition.
There is another pattern that for me remains valid until now. There is a potential down trend channel to forms on current pattern. If the price can't reclaim above the green horizontal zone, we'll see the potential melting of the price to reach $8600 - $8400 region as well. But, if the price can claims above the green horizontal zone, we could see further push toward the upper line of the channel.
During this type of pattern and movement, I suggest you to not taking any trade as there will be a lot of manipulative movement occurs.
There is another pattern that for me remains valid until now. There is a potential down trend channel to forms on current pattern. If the price can't reclaim above the green horizontal zone, we'll see the potential melting of the price to reach $8600 - $8400 region as well. But, if the price can claims above the green horizontal zone, we could see further push toward the upper line of the channel.
During this type of pattern and movement, I suggest you to not taking any trade as there will be a lot of manipulative movement occurs.
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