The Setup which I posted earlier I am still looking to come to life if we can get the FOMC dump and pump. But there are additional POIs. The area below 20230 is a long Area for me as we are trading in an unconfirmed range (from 21K to 20K). We have various levels of interest and support below 20.230 till 19.95. I Will be looking for long at these points (20.230, 20.170, 20.125 and 19.95). The following chart is another way to look at the PA over the past 2 months using Wyckoff model. Right now, it's looking like we are trading in Wyckoff Distribution Model 2(unconfirmed), but it will be confirmed if we break below the Supply (Blue Box at 20.2) and do not come back above it quickly, that's what we need for the setup I posted to be successful. If we drop below, it and start getting rejected from that box that will confirm this was indeed Wyckoff Distribution model two and we have put in a top (21K) for bitcoin for now.
