IlamaranM11

Bitcoin - Typical Wyckoff Accumulation in Play

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The chart is self explanatory. We are going down to 7.2k-7.4k now. Then we go up to 9.5k. After that we bleed to 5k. That will be the bottom. Catch that bottom for the next Biggest Bull Run of our Time.
Comment: My Chart is bang on. We may see 5300-4800 in June, before we start going up.
Trade active: Bounces we see here will be dead cat bounces. As shown in the chart, the floor will be in 5k range.
I agree on these scales we need to think of accumulation in terms of months.
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Nope, I think we going up from next month
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IlamaranM11 silmaril0875
@silmaril0875, Yes. We are going up next month. But i expect huge retracement at 9.5k
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I agree with the exception that I'm actually expecting that 6700 range to hold a double bottom spring, but we could get that long whick down to higher 5,000's.
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