Long

BTC scenarios and ranges, possible reversal

Updated

Possible reversal. Shorts below the red range fueling the rally to red range highs (and above?)

Note

If it breaks back down to the green range I think it will dump below the previous lows (6.5k) to at least 5.2k or around the 200 Weekly MA. If that fails we'll retest the lows.

Note

Just to add: the white boxes outside the green range represent a swing failure pattern used to fuel a move to the opposite direction and below/above the previous range high/low, trapping shorts and longs as it went forward

zergbur

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