if the wyckoff phases are added to the charts from 2019 and 2022 these setups appear Similar...
which looks very suspicious if you ask me .
if this is the case then id expect the next move to be a failed spring in 'Phase c ' where BTC fakes a bear trap move lower and the shoots back upwards towards the top of the range at 18K
How can we tell if this not that move ?
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This is a good question and I suspect the giveaway clue would be BTC would move below the 16000 level.
BTC should have no business at the 16000 level currently and a move to this level is a bad sign.
My thought is if BTC moves lower it will move to around the 16500 to 16400 level and head back higher.