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Mayfair_Ventures
Aug 31, 2021 5:42 PM

Bitcoin logic both scenario's 

Bitcoin / United States DollarCoinbase

Description

As you will see going back to March the 18th;

BTC has been very respectful


It has made a few strange moves lately, but as I say "it is BTC, expect the unexpected"

We have also had 18 months of CRAZY



Here is the link to the extension details etc.

Have a great week all!


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Comments
RodDasher75
Thank you Lewis! This was very helpful as I try to understand / implement EW and Wyckoff. I appreciate yours and Paul's insight and analysis!
tesseract44
This is great still learning about Whykoff - this is a great help
ferGOD
hi
ferGOD




Bottom Line: Higher against 43935.
Outlook: Favoring higher within a third-of-a-third wave rally. 58827 represents a potential target for that advance. Key support is raised to 46525 - 47205.
Analysis: Today's rally above 48900 favors the recent setback that has likely ended. An advance above 49615 would bolster the bullish outlook and set up a challenge for Bitcoin to successfully break the 50500 high.
esorlegin
Diolch Lewis. Helps me keep focused and avoid the FOMO (same as Pau'ls live streams).
Aziz1014
Thanks Lewis great load of info.
bzkoin
Let's see, how is weekly and monthly emotions? future...!
smaczek
Great explanation of all possibilities and all doubts. Let's see how it will plays out!
alexferdean
Thank you!
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