Trying to apply Wyckoff Accumulation theory to the BTCUSD range. So far, everything fits perfectly.
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Still waiting for a retest of 4250$
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We are now in the corrective wave 4. There is still one last wave to come that should push us in the 4200-4400 range.
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Come on get there playa
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So far so strong. I'm removing my limit sells from the 4200-4400 range. Let's reevaluate when we get there and probably send some target north up to 5200$.
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Change of mind, let's not get greedy here. I'm taking half my profit
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Glad I did. Looks like the wyckoff accumulation is still in play. If we follow the plan, next stop should be the spring at around 2800-2900$
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Sold the last 50%.
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When the meme inverse H&S that everybody is trading gets invalidated, this will plunge to support. Support won't hold and we will see a panic sell right into the spring.
Buying range: 2675$-2835$
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Don't fall for this pump. 3900$ is probably the max before the break down. This makes for a nice cool off of the 4hr and 2hr time frame before the next leg down.
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We may have something here. Possible retest of the 4200$ area.
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I take that back. We are probably deep in the creek. Slow grind down before a violent push down to the spring. This is gonna fizzle