$BTC BTC like this has been chopping and ranging all day, and my head is numb from the swings! The support at 64474 below is really strong! Since it can’t break through, most likely it’s going up!


We’ll trade a bit more conservatively tonight:
There are two resistance levels above: the first is 65747, and the second is 66182.
1. Right-side trades:
1) Long setup:
Condition: BTC breaks up through 64852 with volume
Confirmation: holds above 65050 on an hourly basis
Targets: 65450——66200
2) Short setup:
Condition: BTC drops below 64474 with volume
Confirmation: breaks and stays below 64400 on an hourly basis
Targets: 64200——63650
2. Left-side trades:
Long orders: place longs around 63500—64000
Short orders: place shorts around 65700——66200
3. Battle zone:
Right now the two key levels to watch are 64474—65050. Yesterday a single big bullish candle shot straight up. If tonight continues a ranging market, this area can be flipped back and forth. If 64474 can’t break down, then you can take longs around this area.
BTC-0.37%
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