$BTC
'scaling assumptions'
any push into local range highs from here would be more favored for breakout than any test prior, as we'd be above HTF trend this time around, as opposed to below it.
and if we breakout of the range entirely, I'll be able to look for a larger relief rally towards $100k thereafter
how I developed the 'range' analysis initially:
Mercury
@TraderMercury
12-02
$BTC saw a sharp selloff after losing local trend, but my assumption was Lower Lows across the board - just like all the other times
with price reclaiming the local trend again*, I think it makes more sense to shift into a ranging mindset, locally
HTF remains in a downtrend.
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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