Last night we saw price dip pretty quickly in the area I highlighted earlier.
This is the second time now we revisit the $60k area.
The same area where I expect the higher low to be former ($58-62k).
However, I'm carefully watching price action right now as it needs to happen here.
The more times we touch into this area, the more likely the possibility opens that price might sweep untapped liquidity below it and then bounce.
It doesn't need to happen but I'm open to it.
As of right now I'm still not changing my thesis or bias.
The low is in, and the last few weeks we saw some positive changes in market structure in the current range.
Changes that suggest the current correction is the creation of the higher low in the market.
The higher low before price makes another rally and makes new highs this very quarter (Q4).
- Timeline fits
- Elections soon
- Q4 historically bullish
- Price going in the right direction
Yes the range has been wearing many of you out for many months now but I'm feeling optimistic.
Well get there.
