Here's the link to part two of the Wyckoff basics;
Here's the original call for the drop - the levels were pretty respectful as a whole and hit the target a bit quicker than planned.
Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
If we look at the total market cap, there's a drop in volumes. BTC is largely looking the best of all coins at the moment. The Alts have experienced harder drops and are struggling with making even a single higher high. So I'm wondering if the money is just sitting on the sidelines or is it flowing out of the exchanges?
Re_W
⋅
Thanks for the great analysis! So it is still bullish in the long term even if breaking 30k?
Mayfair_Ventures
⋅
@Re_W, Feels like yes looking at the weekly levels
@versanojackets, thanks for the comment. Glad you liked it
UnknownUnicorn10828932
⋅
amazing while people are bullish i see both direction probable in total actually bullish post on traidingview forced me to close my short positions now I'm regret of it
UnknownUnicorn10828932
⋅
@reza_1515 umm can you take a look at my post about eth.d and tell me your idea about growth i believe it is going to rise so hard