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HomeBusinessBTCUSD:RANGE BOUND TRADE CONTINUES

BTCUSD:RANGE BOUND TRADE CONTINUES

In past week it trade in very tight range of 51900-46750,expecting  range bound trade still continues  in this week .

In that’s view one can exit long position taken at 48500 as per advised in previous article, it should be square off at 50800 level and go for  short there with stop 53800.

For downside and Target you may expect 47741 minimum which may extend towards 46123/45638   or 44307.

Range this week: 53773-44307.73

Any break of upper boundaries 53773 will attract buyer and assume range break out.

Not expecting it will go below 44307, the lower boundary of range, so if price get there will be long opportunity.

Act accordingly in range bound movement.

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