FXbrawler

BTCUSD - Wickoff analysis for the theoretically inclined

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Just thought I would make a chart for those that are into Wickoff theory to point out one possible outcome of this phase of the market.
Comment: As the scenario is starting to materialize, I expect a quick run down in the next few days/weeks that will get all the long stop losses positioned at the last low. A classical bear trap, should leave some room for a fast bounce as the new shorts get squeezed out of their positions. Wait for very high volume on a daily bar to confirm.
Comment: This old chart from March looked far fetched back then but seems more and more accurate as time flies. We now want to see either a quick bounce off the red line or a spring taking out the lows. Either way I started buying in increments and will continue to do so until the 4500 area with a long term view.
Amazing accuracy
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Cheers and thanks for sharing , where can I find out more about this Wickoff theory
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FXbrawler mycotoxin
@mycotoxin, I am uploading a video on youtube as we speak. Will be up in about an hour. Will message here once it's ready.
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mycotoxin FXbrawler
@FXbrawler, Thanks a lot looking forward.
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FXbrawler mycotoxin
@mycotoxin, Np, here is a link to the channel and a video on volume meanwhile. https://www.youtube.com/watch?v=YrzRed_XNkY
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