previous wycoff layout was destroyed during transitioning tradingview setups before i was able to post / repost it.
this is the best i can scramble, but given the new data and current trajectory; some adjustments have been made.
the biggest variable of which is the increasing bitfinex shorts, and whether or not they will become realized gains, or a short squeeze for liquidity to fuel a rally. that concerns me; and i am more apt to believe that aother entry price at 20k levels is desired by composite man.
this is the best i can scramble, but given the new data and current trajectory; some adjustments have been made.
the biggest variable of which is the increasing bitfinex shorts, and whether or not they will become realized gains, or a short squeeze for liquidity to fuel a rally. that concerns me; and i am more apt to believe that aother entry price at 20k levels is desired by composite man.
Comment:
might be moving into phase C of wycoff accumulation momentarily. this is eithe the spring backtest or we may fish lower levels of a fib .618 at 26k (see previous post with fib levels laid out)
Comment:
We may be entering into phase D as of current rally
Comment:
sentiment from friends seems to be that they believe the price is going lower but nobody wants to short it LOL.
i'm remaining bullish as long as 30k is holding a higher low for the time being.
i'm remaining bullish as long as 30k is holding a higher low for the time being.