BTC Stuck In A Trading Range Or Going Lower?

10 בינו׳ 2019

The four-hour chart for BTC shows a reversal off of the resistance presented by the neckline of the reverse head and shoulders pattern. The failure to break out of this 3700 to 4200 range and flat moving averages make it difficult to predict direction right now. With no decent bounce... So far... at the 3700 level... a trip down to 2800 is still possible. Without a breakout oof 4200 on volume or a capitulatory purge at the bottom, it's a guessing game.