BTC Daily Analysis

BTC is consolidating for about 3 months. The range break will show us the next move toward bear or bull targets. Also if you are not a range trader it's better to wait for a range break.
Current range and other most important levels are defined on the chart.

Bear targets:

• 2980 (~3000)
  
• 2500
  
• 1900
  

Bull targets:

• 4350 - 4550
  
• 4700 (LTF)
  
• 5500
  
• 6000 - 6150 (The god level on BTC planet)
  

Trade ativo:

Trying to break the Range High.. Unsuccessful retest would cause a dump and we would retest Range Low.

Comentário:

So the range broke and we got stopped on Monthly SR. Let's check the sings of the pump before break...

Breaking Range High on 4H clearly before the pump:

Breaking EMA on 1D was another sign: