BTC - STRONG fall likely during Asian market session tonight
Hey TV fam, just re-updating a few key Wyckoff models. I expect a SHARP fall overnight (US time). I good target to start your short from is right between 11500-11600. I believe that our fall will be sharper than I originally estimated and expect a drop to somewhere in the mid to low 10900 price area.
Ultimately I do foresee us going all the way down to 10400 - 10500 price area, but there are several different pathways to get there... You can have your option to either have the 10900 area as your TP1, and 10500 area as TP2. But both will ultimately come.
So...
Let's also talk about overall game plan.
Unfortunately how this is all playing out, we will in fact see prices head towards the mid 12k price region. This is a for sure thing at this point.
The larger distribution red ascending channel got really tricky with us and started playing games. Well, ultimately it's starting to show it's hand and it's Wyckoff events are ultimately unfolding. I will have more on that in later posts. But to those that I've called 11500 the top, you WILL want to get out of your short at either 10900 or 10500 areas.
Once again, ultimately we will be visiting mid 12k price region. This is all but a guarantee at this point.
Happy profit hunting guys.
Ultimately I do foresee us going all the way down to 10400 - 10500 price area, but there are several different pathways to get there... You can have your option to either have the 10900 area as your TP1, and 10500 area as TP2. But both will ultimately come.
So...
Let's also talk about overall game plan.
Unfortunately how this is all playing out, we will in fact see prices head towards the mid 12k price region. This is a for sure thing at this point.
The larger distribution red ascending channel got really tricky with us and started playing games. Well, ultimately it's starting to show it's hand and it's Wyckoff events are ultimately unfolding. I will have more on that in later posts. But to those that I've called 11500 the top, you WILL want to get out of your short at either 10900 or 10500 areas.
Once again, ultimately we will be visiting mid 12k price region. This is all but a guarantee at this point.
Happy profit hunting guys.
Comment:
Starting to think the local small TF ascending channel may not have made a SOW yet. Possible drop down to the low 10300 price range. I was not convinced by the SOW and ST price made earlier...
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Quick update guys.... This is setting up to be AN EXTREMELY VOLATILE NEXT 24-48hrs!!! Price will be going up and down VIOLENTLY...
Comment:
One last update... Please refer to new idea that I will post momentarily for overnight update
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updated new idea
