TraderLucid

If you remember my latest post I was positioning myself long at the range low shown here on the first chart. Price has successfully risen above the midrange as forecasted. I'll be waiting for any intermediate term pullbacks to buy with margin targeting the range high. It's also important to keep track of the current funding rates. As prices rise we are wanting the funding rate to stay near that midline to continue our push towards the range high.   

Bitcoin's current market environment can be difficult to trade. However, it is important to play the given range (noted in the chart). A big piece of my strategy is analyzing price action as well as large fund's holding of the given asset. Using Greyscale as an example we can see that their holdings have flatlined. Until they increase their position size I will be playing this range. Also note the current sentiment, many traders are trying to play a breakout to the downside.