366 views
BTC -Possibly End of Act 1 and time to head to 7K
Comment:
looks to me like the final move of the Wyckoff phase which kicks off into a distribution move lower .
Comment:
This idea is cancelled if BTC moves above 10500,
Comment:
if it is the distribution phase then we can fast and lengthy drops down to around the 7K area,
Comment:
if it is the distribution phase then we can expect fast and lengthy drops down to around the 7K area,
Comments
It’s going to keep going up because the computational power is kicking in it won’t drop to 7k because it already consolidated at the previous 5-7k region
Reply
@raminnoshad, looks to me like the final move of the Wyckoff phase which kicks off into a distribution move lower .
Reply
@mycotoxin, if it is then it will be a series of sharp and fast lengthy moves down
Reply
Hi,
What are your current thoughts?
Do we see 11k levels? Or can 7k still be valid?
Thans,
What are your current thoughts?
Do we see 11k levels? Or can 7k still be valid?
Thans,
Reply
Even if it fomo breaks 10500 right now (more likely cashing in of alts and liquidating of bears who shorted too soon) it might have a hard time with 10890 right now, which is the long term down trend from 2017.
Reply