It is not obvious yet that Spring is done. But seems like it is or it is about to be done.
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We may either go a bit lower or start a new bull run from current prices (after some flatting probably) - nobody can predict that. But in the matter of time it is not far away. We will see the volume spikes when the price will reach at least 8-9k and hamsters will start to fix their profits dreaming about lows to rebuy there. The Market Maker will absorb all that and lead the price higher. Same may be seen on 11600.
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Manipulation with the price continues. The Futures are setting up rules here. On the semi-annual CME btc futures (those opened in late Dec 2017) the last trading day is June 29 and the settlement date (expiration) is July 5.
The volume of trades has increased significantly when the price dropped below 8k, and it is clear that they are closing shorts and turned long (still doing it in huge volumes). Otherwise - it's nonsense - why wait for the price to go down to 6-7k and begin to build up SHORTS?! And it turns out that up to June 29, they can either squeeze prices on the floor altogether in order to buy panic and even add more into long, they can even even break all of these triangles and supports downwards, OR do NOT let waiters buy back the lows and be content with current prices. BUT, until July 5, they have a task - to deliver BTC to the moon. Long futures will be expired on highs (huge positions would simply not be closed by sales).
This investigation perfectly fits in the Wyckoffs' accumulation scheme and the Wall Street Cheat Sheet (Google it). History repeats itself over and over again. Don't underestimate the classic manipulation rules. They are older than you! Still working fine nevertheless.
Too many factors are showing that we are almost at the end of this deppressive correction. Look at the daily RSI, look at how the Volume decreased and then spiked on the Spring, ask yourself what were you feeling during this bear run and check the Cheat sheet.
We're almost done. May the force be with you and good luck.
----------------------------------------------------------------------------------------------- You may join my free Telegram channel for more updates and pictures t.me/capitan_diman
Manipulation with the price continues. The Futures are setting up rules here. On the semi-annual CME btc futures (those opened in late Dec 2017) the last trading day is June 29 and the settlement date (expiration) is July 5.
The volume of trades has increased significantly when the price dropped below 8k, and it is clear that they are closing shorts and turned long (still doing it in huge volumes). Otherwise - it's nonsense - why wait for the price to go down to 6-7k and begin to build up SHORTS?! And it turns out that up to June 29, they can either squeeze prices on the floor altogether in order to buy panic and even add more into long, they can even even break all of these triangles and supports downwards, OR do NOT let waiters buy back the lows and be content with current prices. BUT, until July 5, they have a task - to deliver BTC to the moon. Long futures will be expired on highs (huge positions would simply not be closed by sales).
This investigation perfectly fits in the Wyckoffs' accumulation scheme and the Wall Street Cheat Sheet (Google it). History repeats itself over and over again. Don't underestimate the classic manipulation rules. They are older than you! Still working fine nevertheless.
Too many factors are showing that we are almost at the end of this deppressive correction.
Look at the daily RSI, look at how the Volume decreased and then spiked on the Spring, ask yourself what were you feeling during this bear run and check the Cheat sheet.
We're almost done. May the force be with you and good luck.
-----------------------------------------------------------------------------------------------
You may join my free Telegram channel for more updates and pictures t.me/capitan_diman
reniak
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When you make an image with an arrow up behind the last bar of the bitcoin chart everyday, one day you might be right.
Nice chart. I like how you labeled the wall street cheat sheet phases. I have relatively the same idea, falling wedge with a potential reversal. However I think we will need a lot of volume to fully reverse the trend. Any thoughts on this?
UnknownUnicorn2947302
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@gstgerma, hey. We will see the volume spikes when the price will go to at least 10k and hamsters will start to fix their profits to wait for lows in a hope to buy there. Market maker will absorb all that and move higher. Same may be seen on 11600. Somewhere on these levels the volume will spike.
hopspops
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too good to be true
MrNarmerkTheSacredGeometer
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Are we set for another bull run ?
UnknownUnicorn2947302
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@MrNarmerk, we may either go a bit lower or start a new bull run from current prices - nobody can predict that. But in the matter of time it is not far away.
The volume of trades has increased significantly when the price dropped below 8k, and it is clear that they are closing shorts and turned long (still doing it in huge volumes). Otherwise - it's nonsense - why wait for the price to go down to 6-7k and begin to build up SHORTS?! And it turns out that up to June 29, they can either squeeze prices on the floor altogether in order to buy panic and even add more into long, they can even even break all of these triangles and supports downwards, OR do NOT let waiters buy back the lows and be content with current prices. BUT, until July 5, they have a task - to deliver BTC to the moon. Long futures will be expired on highs (huge positions would simply not be closed by sales).
This investigation perfectly fits in the Wyckoffs' accumulation scheme and the Wall Street Cheat Sheet (Google it). History repeats itself over and over again. Don't underestimate the classic manipulation rules. They are older than you! Still working fine nevertheless.
Too many factors are showing that we are almost at the end of this deppressive correction.
Look at the daily RSI, look at how the Volume decreased and then spiked on the Spring, ask yourself what were you feeling during this bear run and check the Cheat sheet.
We're almost done. May the force be with you and good luck.
-----------------------------------------------------------------------------------------------
You may join my free Telegram channel for more updates and pictures t.me/capitan_diman