Educational Post + Market Insight/Update

The 3 Tap Setup formation on BTC right now // Chart in 3D Timeframe

Here's how it works:

The 3 Tap setup has 3 parts.

1. Range low/high formations.

2. Deviation of range low highs and reclaim.

3. Retest of range lows.

In this case:

1. First 2 times, it was a SR//Swing Low followed by a higher low. Forming the initial range lows.

2. 3rd time it was a pure deviation below 59K going to 57 ishh. Tapping the FVG and bouncing back up. Reclaiming the range and shooting.

3. The 4th time (last week it came) it was just a retest of the previous range lows.

It has happened before on BTC back in 2021 too. Just before we went out and made an ATH of 63K. Chart 3.

Take hints about what's coming next, anon :wink:

Invalidation: Breaking down from the range lows with candle closures. Simple. Wicks don't count.

P.S: This formation is fractal and can be found on different time frames at different SR levels. It is one of our most used trading techniques. You can learn more about it by searching 3 Tap setup on google. It's by Rekt Capital originally.

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