Of course, this is all based on the assumption that Bitcoin is really trending according to the Wyckoff Events. If that is truly the case, then the current downtrend should also follow other Wyckoff rules that govern a Wyckoff Bear Cycle like distribution, breakdown and markdown.
Out of curiosity, I created the above chart with all those rules applied and it turned out exactly like what a textbook Wyckoff Downtrend chart would look like. Here is a link for you to compare it:
You can understand more about Wyckoff Market Analysis here:
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The above does not supersede this Wyckoff chart or my previous ones. Sometimes, taking a step back lets you see more.
Note: I would be cautious and wise to pull out of this market at this level for the time being and re-enter at lower levels. That's all for today. Happy trading everyone!
I think the HONEST thing to do is stop publishing for a while and decide WHAT you want to be in this community. If you are going to continue educating, then construct lessons step by step. If you post an image, you best be ready to break it down in a manner that demonstrates you as a person in the know. Bad language matters. Keep it simple and do not make analogies to sex, TV shows and most of all, if someone challenges your thinking, do not resort to name calling, like Mr. Salty.
I am not going to continue pointing out your flaws, I am way too busy. However, others will challenge you in the future if you continue this way. And now that they corrected the TOP authors problem, you are going to have to work hard like the rest of us to earn a good reputation.