Bitcoin

BTC range to watch (in mid-term)

190

Hi all,

I would like to share my new mid-term view for BTC. The accumulation is still my preference scenario (please see my previous analysis in the link below).

However, I'll not ignore the possibility of a (re) Distribution procedure. As a result, in this analysis, I label both cases: Black for Accumulation and Grey for Distribution.

What could be interesting is that the next possible move would be similar regardless scenarios: BTC prices are likely to revisit the range's low with a potential break-out of this range.

If this is about to happen, I think that one can have a chance to look for a Long's Entry. The targets would be the range's high and 29000s.

What do you think about this plan and how is about yours?

All the best and take care!




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