BTC short-term analysis - An accumulation scenario

As I can see, it is possible that a range is going to be formed for BTC prices: range's low would be $35000 and range high is $38000. It's important to keep in mind that deviations from this range would happen because the aggressivity of buyers or sellers when news come.

My short-term scenario of preference is an accumulation following Wyckoff method. The main moves are presented in chart. The final target when accumulation will be done is $42000s (Fib 0.618). A rejection would happen at that level ($42000s).

Please refer also to my mid-term and long-term analyses for BTC in the link below. To summerize:

• Short-term: Bullish
  
• Mid-term: Bearish
  
• Long-term: Bullish
  

Trading in the range is quite challenging so take care and good luck!

Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.

Commentaire:

Finally, after a week, BTC is now in the Supply area. I expect a rejection here, as planned:

Commentaire:

In my opinion, the rejection has been confirmed. I'm waiting for BTC at $34500- $35000 area for potential Longs.

Commentaire:

BTC retested the range high and is being rejected again. Here is my Short setup

Commentaire:

My TPs are: TP1 = 36000 TP2 = 35300 TP3= 34970

Trade fermée manuellement:

I close the Short and this analysis.
I'll update with a new one.
Thanks for reading.