Bitcoin flirting in the range 28/3/24
Hey everyone! 🌟
Exciting times ahead as we're currently exploring the range between 68409 to 71875! 📈 We've already seen two taps at the range high, sparking some intriguing possibilities. Could we be witnessing the formation of a Trinity Model 1 or perhaps a Model 2? 🤔 Both based on Wyckoff Theory! 📊
Now, here's the plan: If we experience a bear break of structure before reaching the range high, I'll be looking to go short (Model 2). On the flip side, if we rally up to touch the range high but with a wick and not a close, I'll still be leaning towards a short position(Model 1). 🐻 It's evident that this 10-minute supply zone is currently acting as a significant obstacle for the price, causing some distribution at this level. 🛑 Let's keep our eyes wide open for any developments!
Unfortunately, there won't be a lesson today as there hasn't been much action. But fear not, we'll reconvene tomorrow! 🚀 See you then! 👋
Exciting times ahead as we're currently exploring the range between 68409 to 71875! 📈 We've already seen two taps at the range high, sparking some intriguing possibilities. Could we be witnessing the formation of a Trinity Model 1 or perhaps a Model 2? 🤔 Both based on Wyckoff Theory! 📊
Now, here's the plan: If we experience a bear break of structure before reaching the range high, I'll be looking to go short (Model 2). On the flip side, if we rally up to touch the range high but with a wick and not a close, I'll still be leaning towards a short position(Model 1). 🐻 It's evident that this 10-minute supply zone is currently acting as a significant obstacle for the price, causing some distribution at this level. 🛑 Let's keep our eyes wide open for any developments!
Unfortunately, there won't be a lesson today as there hasn't been much action. But fear not, we'll reconvene tomorrow! 🚀 See you then! 👋