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TraderE9
Jan 28, 2024 8:04 PM

WYCKOFF - A BITCOIN MOVE! Long

Bitcoin / United States DollarCoinbase

Description

I've been implementing this macro pattern in my trading activity even before 2023 started, due to the Tritch Matrix, a cycle theory of investment proposed by George Tritch. The theory suggests that it's time to purchase assets at the beginning of a new cycle, which is predicted to peak in 2026.



With this understanding, investing in Bitcoin seemed to be the optimal strategy considering its past performance trend. Currently, we can observe the perfect unfolding of this pattern and can identify our existing position. Moreover, it's important to be aware of the recent manipulation tactics often employed by the media to affect markets, particularly retail, nudging them into providing liquidity, also referred to as 'Dumb money.' Don't get caught out - have a plan and stick to it!

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