as btc approaches the local area of distribution, i could see signs of weakness appearing.
overnight move up doesn't look impulsive anymore
volume is decreasing
resembles wave b, x, or 2
if this is wave b or x, then we likely see 40k in the days ahead after a little dip down to 34~35k
---
if its a wave 2, then we drop to 32~28k from here.
---
i don't know what the market wants to do, all i know is i'm ready for either outcome.
are you?
✌
overnight move up doesn't look impulsive anymore
volume is decreasing
resembles wave b, x, or 2
if this is wave b or x, then we likely see 40k in the days ahead after a little dip down to 34~35k
---
if its a wave 2, then we drop to 32~28k from here.
---
i don't know what the market wants to do, all i know is i'm ready for either outcome.
are you?
✌
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Related publications
Disclaimer
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.