BTC Range from a Premium & Discount Perspective
Bitcoin has been known to be in range, and we can use tools to analyze it's price action:
1. Trendline Tops & Bottoms as Support & Resistance
2. Trendline Channel
3. Premium & Discount Range
For Premium & Discount Range, configure the Fib into 0.25, 0.5 and 0.75. These levels act as Intermediate Support & Resistances.
Here, I do not use Fibonacci retracements, but could easily view my chart in a clear manner. We will have to see how price reacts around these channel and ranges to understand it's movements.
Hope it helps, follow if you like more chart analysis.
Thanks!
1. Trendline Tops & Bottoms as Support & Resistance
2. Trendline Channel
3. Premium & Discount Range
For Premium & Discount Range, configure the Fib into 0.25, 0.5 and 0.75. These levels act as Intermediate Support & Resistances.
Here, I do not use Fibonacci retracements, but could easily view my chart in a clear manner. We will have to see how price reacts around these channel and ranges to understand it's movements.
Hope it helps, follow if you like more chart analysis.
Thanks!
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