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Take reveal market in last several days, did we sideway ? Why the market did not pump ? When we break out and break up Neck line, regularly we must pump very strong and fast with big but why we did not ?
As I consider everyday, we are in the battle of Bulls and Bears. Now we are nearly with the level price of last peak at 43xx$ and each time we reach 42xx$, the Bear occur.
Now the market is very difficult to predict. Lot of technical expert they stay out for watching the market and wait clearly signal for entering with safe.
But I am stay here for updating for all you with new post in today. Not like many time before, I just give all you 1 way, today I give all you 2 way for consider and I will explain detail for you how it going and why !
Look back the chart and revealing about that.
We are in wave iii of (3). That mean we must have strong right now but may we have pattern. We have been broken neck line in 40xx$ in each several days ago, that is clearly signal for us can hope about the higher target in middle term.
But when I watching market with resistance in 43xx$, I must give you 2 cases in this time.
We have pattern in short term and uptrend , in short term we may reach 43xx$ soon as show very clearly.
But we know the market right now has been manipulated a lot. From the end of wave iii , we have 2 cases. We will correction down to 41xx$ follow wave iv and keep going up to 46xx$ as last of wave (3) and we can have another chance for buying in 41xx$ in wave (4) and take profit in wave (5).
The case 2 is the market can not hold us upper 41xx - 42xx$ after we reached 43xx$ and we must go straight to 36xx - 37xx$ for building strong support in here again and wait for next bull run.
All information I give you are in the chart.
Good luck and LOVE ALL <3 <3 <3
~~~ XUANHAIMMOER ~~~
BITCOIN - WHERE WE ARE IN CYCLE ? - LONG TERM ANALYSIS
The similar of Bitcoin from the past
I've built a Wyckoff Accumulation schematic for Bitcoin. This is based on the notion that $3.1k is a temporary bottom and we will only be doing spring tests to garner extra demand for a push up over the next few months in a larger accumulation range: