Just something to think about.
Comment:
Just updated the Wyckoff Schematic to be more detailed and precise...
β 1) Need to flip that 1H - 200 EMA to Support
π‘2) Volume should start increasing as retail traders take positions.
π₯3) Price needs to get to the $43,000 Resistance Line
π₯4) Reversal is only confirmed with a huge Volume Spike... π₯π
β 1) Need to flip that 1H - 200 EMA to Support
π‘2) Volume should start increasing as retail traders take positions.
π₯3) Price needs to get to the $43,000 Resistance Line
π₯4) Reversal is only confirmed with a huge Volume Spike... π₯π
Comment:
As bullish volume expands, this is the phase of the Wyckoff schematic where traders will look to go Long.
β 1) Need to flip that 1H - 200 EMA to Support
β 2) Volume should start increasing as retail traders take positions.
π₯3) Price needs to get to the $42,000 Resistance Line
π₯4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... π₯π
β 1) Need to flip that 1H - 200 EMA to Support
β 2) Volume should start increasing as retail traders take positions.
π₯3) Price needs to get to the $42,000 Resistance Line
π₯4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... π₯π
Comment:
BITCOIN x Wyckoff Accumulation appears to have failed... π
Only sign of hope is the lack of increasing Bear Volume in relation to price dropping. (Effort < Result)
Without Bullish Demand... the only chance of a reversal is a Short Squeeze by whales at $30,000...
Only sign of hope is the lack of increasing Bear Volume in relation to price dropping. (Effort < Result)
Without Bullish Demand... the only chance of a reversal is a Short Squeeze by whales at $30,000...
Comment:
BITCOIN -- Supply and Demand β Battle Is Coming to a Close! (after 25 days of agony π) Volume in relation to Price (Effort and Result)... have shown that Bears π» had no follow-thru and the Bulls π gave clues of accumulation with increasing volume spikes. π
β 1) Above 1H - 200 EMA to Support
β 2) Bullish volume increasing as retail traders take long positions.
π₯3) Price needs to get to the $42,000 Resistance Line
π₯4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ππ₯π
π€ͺI can't believe it's been ranging sideways for nearly a month! (25 days to be precise.) I believe Bitcoin may take the lead, while the Altcoins may lag behind and range sideways for an extended time.
β 1) Above 1H - 200 EMA to Support
β 2) Bullish volume increasing as retail traders take long positions.
π₯3) Price needs to get to the $42,000 Resistance Line
π₯4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ππ₯π
π€ͺI can't believe it's been ranging sideways for nearly a month! (25 days to be precise.) I believe Bitcoin may take the lead, while the Altcoins may lag behind and range sideways for an extended time.
β 1) Need to flip that 1H - 200 EMA to Support
π‘2) Volume should start increasing as retail traders take positions.
π₯3) Price needs to get to the $43,000 Resistance Line
π₯4) Reversal is only confirmed with a huge Volume Spike... FireRocket