◘ The market has been in a trading range for 71 days since the June 14th reversal
◘ The Aug.16th Bull break out failed to hold above the trading range
◘ Aug.17th strong inside Bear bar signals reversal near the June 6th sell signal price
◘ 2 strong Bear break out bars pull back to the middle of the trading range
◘ Partial Bear scalps pauses the market min a 5 day flag
◘ So far, major break outs in either direction reverse back into the middle of the trading range
◘ Weekly chart shows 4 weak Bull attempts then a reversal by the Bears
◘ Monthly chart indicates a potential wedge break out point
Do Bulls have the strength break out and rally above the 3 month trading range?
Are Bears risk on to short this low under the monthly 20 ema?
Will continue sideways for the rest of the month?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com