BTC is currently inside a trading range between 48190 to 50473 .
The bullish case will be for BTC to move up and at least test the top of the range at 50473 .
If BTC is unable to do that then a move to the middle of the range at 49300 is also good positive.
What if BTC cant even move up to the to the middle of the range at 49300 ?
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Then id expect BTC to move to 46722 and retry the move up .
If BTC cant move up from 46722 then id expect BTC to drop to 44032 and retry the move up.
What if BTC drops below 44032 ?
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if BTC drops below 44032 then this can be problematic as BTC will now be creating lower lows which is not a bullish sign
The bullish case will be for BTC to move up and at least test the top of the range at 50473 .
If BTC is unable to do that then a move to the middle of the range at 49300 is also good positive.
What if BTC cant even move up to the to the middle of the range at 49300 ?
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Then id expect BTC to move to 46722 and retry the move up .
If BTC cant move up from 46722 then id expect BTC to drop to 44032 and retry the move up.
What if BTC drops below 44032 ?
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if BTC drops below 44032 then this can be problematic as BTC will now be creating lower lows which is not a bullish sign
ノート
one thing that bothers me is my original thought was this move up is a Billtrap and BTC could move to 46k to /50k and retrace - These targets have been hit but we must watch how BTC performs inside the trading range as described above before making any rash decisionsノート
Older charts suggesting 46k to 50K ============
ノート
ノート
like i said above "WAIT" and see what BTC does inside the trading range above which will let us know the direction its going to move in ,
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