BTC -Expecting an impulsive move to 34k after trading range test
under the wyckoff theorem after price has successfully cleared the trading range it can move back down to retest the trading range for sellers.
In this case this will mean price can move down to the area marked as "Bounce Zone " to test for sellers .
After such a move id expect price to then move back up quickly trapping shorts, and heading to the 34k area.
In this case this will mean price can move down to the area marked as "Bounce Zone " to test for sellers .
After such a move id expect price to then move back up quickly trapping shorts, and heading to the 34k area.
Comment:
On the flip side a warning sign of failure and impending doom will be a candle close under 23400 ...