Wyckoff distribution being played candle by candle.
It's like sorcery, the price action is following Wyckoff distribution.
So BTC may hit a 20-30k as lowest low being 64k a top in the MID term. BTC may do another final top as high as 144k by November 2021; repeating somehow 2013 cycle.
On the other hand this cycle may be prolonged to as far as mid 2022 extending the top cycle which would follow Stock2flow model (higher extended wyckoff distributions-accumulations and diminished maximus returns).
I don't expect bear market or an insane bounce from current price to a new ATH soon.
Most probably scenario is we're near the end of wyckoff distribution and about to enter a final second wyckoff accumulation.
So 144k ATH 2021 EOY or MID 2022. 64k should be a mid term top.
- - - -
This will follow also 12345 ELLIOT wave count after ABC correction being C (20-30K).
NFA.
It's like sorcery, the price action is following Wyckoff distribution.
So BTC may hit a 20-30k as lowest low being 64k a top in the MID term. BTC may do another final top as high as 144k by November 2021; repeating somehow 2013 cycle.
On the other hand this cycle may be prolonged to as far as mid 2022 extending the top cycle which would follow Stock2flow model (higher extended wyckoff distributions-accumulations and diminished maximus returns).
I don't expect bear market or an insane bounce from current price to a new ATH soon.
Most probably scenario is we're near the end of wyckoff distribution and about to enter a final second wyckoff accumulation.
So 144k ATH 2021 EOY or MID 2022. 64k should be a mid term top.
- - - -
This will follow also 12345 ELLIOT wave count after ABC correction being C (20-30K).
NFA.
Comment:
Buy signal as end of wyckoff accumulation once main moving averages (50;100;200) do their crosses.