It's been a while since i published an update of the wyckoffian scheme. If you followed my analyses, you know that on 11 december i published a chart about this wyckoffian scheme. I made a the support and resistance like i saw them in the scheme. And 3 moves between these support and resistance . And it played out exactly. In a bit longer timeframe then i expected, but it played out like textbook. You can find the chart on my account.
But anyways, we live in 2022 now. And not much changed. The wyckffian scheme says: we will go to the 46k . That was our previous support. That will turn into a resistance. And then its high probable that we will see a big drop. ( SC ) So short term bullish till ~46k, and midterm bearish .
I' m thinking about this, a lot of experienced and excellent traders dissagree with me, i hope for a bull market, we' ll see.
FibonacciTheGreat
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@trexdin0 Yes well this can be in line with the wyckoffian logic scheme. Same way up till previous support level. That will turn into resistance.
And then down. But yes indeed lets hope we will see a legg up lol. This market is really depressing😂😂
trexdin0
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@FibonacciTheGreat, thanks for the Wyckoffian Logic scheme, i made good profits from the drop, i think it will drop more after the weekend. Than accumulation, and hopefully a long bullrun
FibonacciTheGreat
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@trexdin0 Greattt! Im curious if this is a beartrap or a really confirmed downtrend to that 29k.
trexdin0
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@FibonacciTheGreat, there is totally no volume, no demand. Probability for more downside is far more greater than a beartrap.
FibonacciTheGreat
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@trexdin0 True! But well the possibilty is always there ofc!
But yes the chance of going lower is pretty big now that we did lose the 40k support
azda71
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@FibonacciTheGreat, Whales can always pump or dump whichever side has more liquidity. I have a tight stop on my short just now :-)
trexdin0
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Hi, Still plays out, we are now in the test,nice short entry zone. In de coming week i think we'll se the selling climax. Nice bearish flag forming on the 1 hour, Twitter is screeming moon, downward sloping trendline broken. Lot of people are getting rekt next coming weeks in my opinion.
FibonacciTheGreat
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@trexdin0 Hey! nice to read your thoughts here again! Well yes indeed i also still think 29k should be tested anywhere these weeks. Interesting market to watch always!
FibonacciTheGreat
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@trexdin0 however. This also can be the beginning of a new impuls wave. I am open minded at the moment
I' m thinking about this, a lot of experienced and excellent traders dissagree with me, i hope for a bull market, we' ll see.