One of the possible scenario's that i see playing out since btc is trading within range and this complex correction can last quite longer than we think. Or BTC can surprise us with any out of the blue move it can make one way or another.
Not an trade idea but one possibility that might play out.
Idea Clearly stated in the chart.
Just trying to learn and would feel great if anyone from this community can correct if anything is wrong with my chart and different views are most welcomed.
Just a fun idea for Spotting one of the POSSIBILITY that can play out but not for trade.
An interesting insight that might play out as there is hidden bearish divergence on daily timeframe and BTC can stay in this range for quite a while and potentially weeks which will be good for BTC in longer term.