So far BTC is behaving exactly as expected, i'm just waiting for a valid setup to appear. I would love to see a model 1, which takes out the high and mitigates supply, but i'm also not ignoring a potential model 2. These 2 deviations merge together on a higher time frame, where the range is also valid on, so they can be counted as one. There are many altcoins with similar behavior and USDT/C in potential accumulation. I'm waiting to see confirmations/ invalidations.
Note
It was indeed a finished model, the technical target just got hit. Now it's again waiting to see what happens. There are still a lot of altcoins developing potential distribution models, so i don't expect much.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.