This is my new outlook for BTC if this 250 day old range is intended to be a HTF Distribution Model 1, which has neither been confirmed nor invalidated. A weekly close above 123.350$ will invalidate this model and likely lead to higher prices. Yesterday we had a perfect rejection from the deviation limit, which now probably creates a new range, that then will either reaccumulate or distribute.
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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.