Last leg of Phase D or the beginning of Phase E (777) pt 3
Hello everyone! Lets talk BTC... well I'm seeing some bounces on the lower time frames showing some signs of strength, in my last two ideas i wrote some in depth analysis of whats going on in the market. Well the idea of the Wyckoff model is that it serves as a guideline to predict what could come next in the market. I have three new ideas about whats currently going on....
Scenario 1: We are still in Phase D and the last leg has yet to be printed out and the drop would actually occur somewhere around a higher level being 51.1k-52k which could bring us down to as low as 44-46k before a ride up to 54k. In my opinion this is very possible as BTC has already risen a significant amount in such a short period of time. The whales could easily manipulate the price to lower levels to acquire more BTC at a discounted price before a ride up.
Scenario 2: We are indeed already in Phase E and are actually in bull mode heading to much higher levels and will break through 51.1k after two retests then eventually break 54k and so on. The idea is Whales have already accumulated enough and now will let the price naturally rise as the overall sentiment of the market is bullish.
Scenario 3: We end up seeing a major correction after a ride up over 50% after being at the low of 28.8k just back on July 22nd the idea is that we've seen to many artificial low volume pumps and the greed in market has caused further Public FOMO and retail investors are going to end up buying the top once again before we crash hard. IMO this is becoming less likely now but is still on the cards you want to be prepared for anything in crypto currency so have some capital on stand by.
What are your thoughts on this? - Einvestments051 DYOR *this is not financial advice
Scenario 1: We are still in Phase D and the last leg has yet to be printed out and the drop would actually occur somewhere around a higher level being 51.1k-52k which could bring us down to as low as 44-46k before a ride up to 54k. In my opinion this is very possible as BTC has already risen a significant amount in such a short period of time. The whales could easily manipulate the price to lower levels to acquire more BTC at a discounted price before a ride up.
Scenario 2: We are indeed already in Phase E and are actually in bull mode heading to much higher levels and will break through 51.1k after two retests then eventually break 54k and so on. The idea is Whales have already accumulated enough and now will let the price naturally rise as the overall sentiment of the market is bullish.
Scenario 3: We end up seeing a major correction after a ride up over 50% after being at the low of 28.8k just back on July 22nd the idea is that we've seen to many artificial low volume pumps and the greed in market has caused further Public FOMO and retail investors are going to end up buying the top once again before we crash hard. IMO this is becoming less likely now but is still on the cards you want to be prepared for anything in crypto currency so have some capital on stand by.
What are your thoughts on this? - Einvestments051 DYOR *this is not financial advice
