For the last 2 months BTC has been in a range from 33K to 45k.

My high time frame view point is really dependent on which direction we break this range. I feel there could be a good opportunity for a potential shark harmonic I have been looking at, which at the moment remains rather speculative. The setup I’m going to discuss requires quite simple requirements in order to trade a potential C leg. If this does not play out and there is no reaction at the level (31.5k area) I would assume we head a lot lower.

So this is really dependent on if we reclaim 33k after hitting the 31500 region. If this occurs I would view it as rather bullish as long as the order flow follows suit. I would look to at first take it up to the highs of the range at 44-45k at least for some form of deviation expansion situation and potentially leading into a much more longer swing trade scenario to the upside.

With all that being said if there is no reclaim of the low of the range at 33k , then I am more than happy to hold off on longing/buying BTC , as I will NOT be setting limit orders down there and I would assume we breach the lows of the macro range (28k level) at the very least.

Now if this range breaks to the upside first I would look to potentially fade it the other direction back to the downside. Looking to fake out the range to one side then expand down to the other side.
I think the shark harmonic stands out in my mind. If we do get the reclaim and bringing psychology into this, a lot of people would be expecting lower and could be shorting heavily into massive limit buy orders only for price to short squeeze back up.

For reference the symmetry on the projected C leg down could come in towards the end of March around the 28th.

Hope you enjoy this and feel free to ask any questions that may arise.