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Lucid TA @Lucid_TA
, 4 tweets, 2 min read Read on Twitter
Potential volatility funnel structure to form on $BTC. Looking for consolidation around volume node/prior trading range. If applicable, early would be around the $6500 region.

I'll update further if the setup eventuates.
Micro update; $BTC currently around the upper bound of the zone in which I'm looking for consolidation. Though it doesn't have to occur, I think there's a decent chance we see a retracement here soon. Rest of the market would likely follow. Arrows were a bit off of course.
Further Update:

Fairly strong chance that this is the beginning of the last dead cat bounce before new lows. I doubt we'll see strong follow-through from the bulls, expecting a shallow grind, or tightening volatility pattern.
Though they aren't necessarily of primary importance, ideally we see shorts cool off into the bounce.

I'm going to be keeping a close eye on this one, potential for ultra high RR trade. Possible early entry if $BTC hits the $6600 region. Will update as more data emerges.
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