What’s good guys?
Ok Bitcoin is showing signs of promise…Given that it is the weekend, the Range Daily high (Blue) if this move sustains will be a profit target zone for some of you if you are running longs.
This move will be the basis of tonight’s Psy ranges…
It will be the start of a structure that we would anticipate bitcoin to come back towards if they continue up and then retrace back down…
This is an imbalance in the chart. M4 pivot has been realized…
The Second image is my projection of the psy ranges…
I expect that we will have wide ranges, ideally, I would want a smaller range because it would go with the narrative of them wanting to build more positions at the highest point to move higher.
Now Let’s not dismiss the idea of what is going on down below…
Longs are coming in thick and heavy…Naturally, we anticipate a drop…
Yet till we are given the signs and break down (refer to the 4hr time frame and pay attention to the 5 and 13 ema) then we are looking to exploit any retraces back down to be opportunities for us to run longs.
When price is trending…We are seeking to exploit the pattern.
As always…Pay yourselves…
I will be uploading a video later this evening…
Plus I will look to do a live stream for the MM tier around the completion of the Psy ranges.
Mad Love
T
