Bitcoin is still in a distribution phase, sorry bulls.
Hi guys,
so my previous idea that we had a falling wedge with higher probability that we would make a push back upwards towards 7.8k range worked out pretty well
I was short term bullish, and I was watching and waiting for that tick upwards.. but I think the end is very near and we are heading towards a big crash down
in the very near future, maybe in the following weeks, most probably before the halving happens..
looking at everything, I am seeing a Wyckoff distribution pattern that is currently being followed, and this spike upwards was nothing more than our UTAD test
we will probably be ranging a bit within these areas for a few days maybe.. but I think a big drop and crash down out of our rising wedge is likely to be happening
if we do close our monthly candle above the EMA21 I will be very bullish for bitcoin.. so that monthly candle close will tell us all, and that's only 6 days away :)
so for now, my bearish bias still remains, if you want to hear more reasons why? then you can still watch me live on Facebook or Youtube, just google " The Dang Oracle "
have been streaming live daily 7.30PM (UTC+8)
see you on the next one. #stayhome #staysafe #staycovidfree
-Ryu
so my previous idea that we had a falling wedge with higher probability that we would make a push back upwards towards 7.8k range worked out pretty well
I was short term bullish, and I was watching and waiting for that tick upwards.. but I think the end is very near and we are heading towards a big crash down
in the very near future, maybe in the following weeks, most probably before the halving happens..
looking at everything, I am seeing a Wyckoff distribution pattern that is currently being followed, and this spike upwards was nothing more than our UTAD test
we will probably be ranging a bit within these areas for a few days maybe.. but I think a big drop and crash down out of our rising wedge is likely to be happening
if we do close our monthly candle above the EMA21 I will be very bullish for bitcoin.. so that monthly candle close will tell us all, and that's only 6 days away :)
so for now, my bearish bias still remains, if you want to hear more reasons why? then you can still watch me live on Facebook or Youtube, just google " The Dang Oracle "
have been streaming live daily 7.30PM (UTC+8)
see you on the next one. #stayhome #staysafe #staycovidfree
-Ryu