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!
