BTC established a range:
Range High = 42500
Range EQ = 38500
Range Low = 35000
1. Swept range high, made a lower high --> bearish --> dump followed
2. Lost range EQ (50% of range, red line)
Scenario 1:
- Look to long a sweep of range low @ 35000
Scenario 2:
- Reclaim range EQ as support @ 38500 --> long targeting range high @ 42500
Range High = 42500
Range EQ = 38500
Range Low = 35000
1. Swept range high, made a lower high --> bearish --> dump followed
2. Lost range EQ (50% of range, red line)
Scenario 1:
- Look to long a sweep of range low @ 35000
Scenario 2:
- Reclaim range EQ as support @ 38500 --> long targeting range high @ 42500