my TA is my opinion, based on my study of wyck, vsa and price action, and definitely not trading advice. please dyor
hey all
so the range that btc is in right now appears to be accumulation, because 1. we're coming off a huge drop and 2. all or most of the big volume is in the lows, of this current range, looking back, B looks to be at identical re accumulation levels, that we saw at the begin of 2021/(demand zone) imho b will drop to 27,000 levels slightly lower than the drop at the beginning of the yr because we are coming off that huge 50% drop and hungry bears will get pulled in, thinking we're going to to the popular/fundamental call of 20k, which in my humble opinion, 20k is bear bait and whales will use it to trap bears before btc boosts off the incoming "spring" at 27k levels, watch for a high volume break below range, followed by a high volume bullish reaction.
gl to all
frbIII