Applying wyckoff on this area shows that this current setup can be a transition from phase C to phase D. Phase D is the break of the trading range hence id expect to see a strong break upwards to the 52K area
The 52K is the area I'll be taking 33% to FIAT as from the graph below this 52k area can present some bearish challenges.
The 52K is the area I'll be taking 33% to FIAT as from the graph below this 52k area can present some bearish challenges.
ノート
On the Flip side should BTC fail to move out of the current trading range, then ill expect a move to down 43000 or even 41000 followed by another push upwards.Either way this goes the main target should not be down but upwards higher .
The Market Makers will let us know if they are going to dump the price lower as supply will start to come in on the volume bars at the bottom of the charts.
As this has not happened yet the direction must still be up.
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