Prediction evidence

sw

swarmik

@swarmister

How $BTC reacts at the upper boundary of the local range. (It still looks great to me.) A post in the educational content category. Five false breakouts in a row. This is exactly what distribution within a range often looks like. Right now, the price has reached the first block of long liquidity and has already shown a reaction. At the very least, those who jumped in on the rally with high leverage got scared here and were pushed out of the move. Ideally, I’d like to see the decline continue toward the main local zone, which I’ve consistently highlighted. There, retail traders will most likely flip to short positions en masse, and liquidations will be triggered for those who had previously built up positions. Such a combination already looks much more promising for a continued rally toward the key intraday zones. For now, based on my strategy, which relies on logical filters for determining context, I cannot consider trading with too high a volume. I entered the position at 2/3 of the volume and may add to it at 61.5 if the opportunity arises. I believe this is worth adding for a more complete understanding of the current situation.