Hello traders!

BTC has been in a range for the last 4 1/2 days. It has tested the bottom and the top several times now. It is possible that we continue in this range for the rest of the trading day as it is Friday or even through the weekend (as depicted w/yellow path).

If we do break out of this range, I will be looking for opportunities in the areas I have marked on the chart.

To the upside, I would be looking for a liquidity grab around 20,500 to 20,800 (as depicted w/green path).
To the downside, I would be looking for 'minor' bounces at 18,450 and again at 17,900 (as depicted w/red path).
These targets are good throughout the weekend as there is usually less trading volume.

BTC remains in a bear cycle and has respected the bear channel for almost a year now! My overall bias is to the downside until FEAR and CAPITULATION take over completely. At the moment, volume and open interest confirm that bias. With technical confluences around 9,500 it seems reasonable to assume that could be the first major bounce.

But my bias is only a general direction and a long term trade idea. In the end it doesn't really matter because I am a RANGE TRADER. If you trade every range the way I will be teaching in my Dtube videos, it takes all fear and stress out of trading. So, stay tuned as my videos will be coming soon.
KryptoKino over and out!