RNDR Deviation continue ranging or DCB

Invalidation - Cross above 2.2 (A Deviation)
Confirmation - Rejected 2.1 and its not a deviation

Target 1: 1.62
Target 2 : 0.9

We have been ranging for 91 Days, price didnt make a new high , but instead ranging.
if thats is not Sign of Weakness, idk what is it.

Anyway during this period of time, this is my plan

1. Small short position to avoid bearish bias during accumulation season
2. Focus on researching next bull market narrative and accumulating altcoin for standby next bull market
3. Spot buying BTC & Eth in multiple level as we cant to identify perfect bottom
4. Macronomics research and reading.

Check my macro writtings about BTC

Yorum:

Its a confirmation trade short from 2.3 ~ 2.2 down to 1.6
From 1.6 i expect a rebound
then heading lower to 0.8