This is my outlook for the next week, going into the daily cycle low. A model 1 in this range which could confirm a PO3 would be perfect. After the weekend it should be clear what will happen next, so im patient.
Note
Note
In the case of more downside i would look for the supply zone which got missed on friday(97.954-99.455). The model 1 i was looking for had no agression and just grinded down slowly. It's not invalidated yet, but i would expect it will and maybe turn into a bigger distribution model. A daily cycle low should form in the next 9 days, so there will hopefully be accumulation in the near future.Note
Additionally, a better looking distribution model for USDT Dominance was developed and confirmed on Tuesday with a target of at least 4.95%. So, it would also make sense if BTC simply continues to rise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.