Multi Month Range TradeWe are testing the topside of a huge range in the midst of a crypto bullmarket. nuff said.
RR is clear here. Expecting a range breakout so any movement to the downside is a stopout. Or you could short here, as it is the topside of the range. A short working here will need to see Bitcoin fail its 92k support it's just confirmed. Alternatively, if the range high holds here in the midst of another run higher for the broader market, this could be a laggard play.
If we cant breakout, especially as the broader market rallies, then this will be a garbage dump, and will be looking back at the bottom of the range.
