Alright people,
In my previous analysis i've pointed out this distribution schematic on a weekly timeframe. I've digged in further.
Re-evaluating the whole structure since last October as distribution changes everything!
The first step to confirm this schematic would be loosing 43.200. Once lost, we will enter in to the previous accumulation zone and POC of the whole distribution will be the next stop at 34.361
Once we loose 34k, next stop will be the Fib. zone at 24-27k. Everybody will be expecting a new accumulation at this point, but the fun will begin there. We should be looking for a continuation pattern first and that is redistribution which will end up with a black swan at 8.600 where the POC of the whole distribution awaits! - That's a 87% correction!
Now, if 1.678% increase from Covid Crash at 3.880 to 68.997 was possible, 87% correction from 68.997 to 8.600 is certainly possible as well. That's still up 2.2x from previous black swan!
And guess what, we will hit 140k after that! Because everybody would be rekt by then!
Did you like my imagination?
In my previous analysis i've pointed out this distribution schematic on a weekly timeframe. I've digged in further.
Re-evaluating the whole structure since last October as distribution changes everything!
The first step to confirm this schematic would be loosing 43.200. Once lost, we will enter in to the previous accumulation zone and POC of the whole distribution will be the next stop at 34.361
Once we loose 34k, next stop will be the Fib. zone at 24-27k. Everybody will be expecting a new accumulation at this point, but the fun will begin there. We should be looking for a continuation pattern first and that is redistribution which will end up with a black swan at 8.600 where the POC of the whole distribution awaits! - That's a 87% correction!
Now, if 1.678% increase from Covid Crash at 3.880 to 68.997 was possible, 87% correction from 68.997 to 8.600 is certainly possible as well. That's still up 2.2x from previous black swan!
And guess what, we will hit 140k after that! Because everybody would be rekt by then!
Did you like my imagination?
