Margin Zones SetupOn the D1 chart, an accumulation with a Point of Control (POC) at 63246 is forming. This is key for predicting the following swings. The marginal zones outline two trading areas:
Buying in the range of 54183-57204.
Selling in the range of 67777-69287.
Considering the previous accumulation at POC 59604, the realization of the first scenario is more likely, as the second marginal target has not been met.
The advantage of the second scenario is the possibility of forming a Diagonal wave pattern, which would increase predictability for the coming months.
Marginzones
Bitcoin: CrossroadsA series of lower highs and higher lows over the last ten days indicate the Triangle pattern has been formed. The thrust to the either side is imminent - and you don't want to miss on this next trending move. The chart to the left is the bearish scenario, in which price will plunge to the 8500s area (-200 margin zone). To my mind, it is more probable and actually more favourable for the market. Pay attention to margin zones that are most effective in intraday trading. The bullish scenario activates once the recent pivot of 9616 is penetrated. The target in this case is 10 800 - 11 000.