End of distribution cycle, 6k?
looking at my previous idea you will learn that i have a bearish opinion in the market up until it reaches the area that i have highlighted stating that there is a 1w OB present which. im sure that if i am correct assuming the market even reaches that low, the market will give us a lovely reversal beginning an accumulation of orders priming the market for a mark up.
the confirmations for this buy is the fact that the -27% take profit level from my last idea corresponds with the 95% discount/entry level which just so happens to correspond with the 50% mark of the 1w order-block that i had identified. besides if the previous idea which is a sell gets the reaction that i am looking for then why would i take profit any lower than the -27% Fibonacci level? that would mean btc would be less than a dollar or even reach negative values which makes no sense thats why i see it as a valid level to transition from sell to buy as it aligns with my bullish catalyst and i will be taking profit at the -95% because the market often follows the law of correspondence, as above so below, inversely it is also true. as below so above.
the confirmations for this buy is the fact that the -27% take profit level from my last idea corresponds with the 95% discount/entry level which just so happens to correspond with the 50% mark of the 1w order-block that i had identified. besides if the previous idea which is a sell gets the reaction that i am looking for then why would i take profit any lower than the -27% Fibonacci level? that would mean btc would be less than a dollar or even reach negative values which makes no sense thats why i see it as a valid level to transition from sell to buy as it aligns with my bullish catalyst and i will be taking profit at the -95% because the market often follows the law of correspondence, as above so below, inversely it is also true. as below so above.
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