BTC Today

kemarin

This could be a model 1 distribution, but its to early to tell. Right above us is an 1 min supply zone and the golden pocket. The push above the last week high invalidated a possible model 1 accumulation, but it would still make sense to come lower again since the weekly cycle low should come next week. There is also this major trendline which would freak everyone out if we "reject" from it. (this model would get invalidated if we leave the range immediately)

kemarin

Catatan

I think there are a lot of possible scenarios right now, if we don't get a reversal from here we could maybe just get a flush down to yesterdays market open into the demand zone at 96.563$ and go higher. I also had this idea of a PO3 and i think today would be the last day thats possible so we can consolidate over the weekend and dump the market on monday. This would be a 5,5% move from here so i don't know if we can get that.

kemarin

Catatan

kemarin

Catatan

I don't think we have to get so low like in the fractal, if we can hold the trendline with the 3 lows this would also be fine. After this trading day there should be more clarity of what is going on.

kemarin

Catatan

The model 1 just got invalidated, but we are still in the area where we could get a move down.