Thoughts on BTC's current state
Bitcoin is currently ranging between $6220 to $6530 range ever since the big candle on the 15th of October. The price i am currently looking at is $6380, that is 50% price point of the current bitcoin range. There i am looking for either a bounce of that level to breakout of 6530$ level and and look to test the resistance at $6700, on the other hand if price fails to bounce from $6380 we are looking at a breakdown to test $6220 support level! is not telling me much we are currently trading above the cloud and should be , but the recent tk cross is bearish!
Feedback much appreciated if anyone ever finds this!