In this post, I not recommend buying or selling for anyone, this is just a analysis depend on Wyckoff method.
So let begin and look at the time we fell off from 17000$ of Bitcoin .
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC , reflecting the buying by these large interests.
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR .
ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, and price spread should be significantly diminished as the market approaches support in the area of the SC . It is common to have multiple STs after a SC .
Spring-lowest point for trick people that we are broke and we lose money in here!
Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser .
LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and . On some charts, there may be more than one LPS , despite the ostensibly singular precision of this term.
BU/LPS-The accumulation zone of buyer and seller and we test the strong resistance like a before going up.
SOS—sign of strength, a price advance on increasing spread and relatively higher . Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
OK, so this is my analysis and the chart in above just for your reference and you need to make your decision not I am.
Thanks for reading !!!
Bitcoin are continue droppping and I want you to keep eyes in 73xx, if it break this major support so surely Bitcoin need to test 67xx again like the chart!
In the lsat post, I compare Bitcoin in 2018 with late 2013 - early 2014 and get similar point. This chart is here:
You can see in the last past I analysis we have 1 point before dropping and the target I make in this post:
And now we have 2 path:
If Bitcoin go follow 2014 so this time we may drop strong to 3xxx - 4xxx but if Bitcoin go follow Wyckoff so Bitcoin is on the last dump in long term.
So how can we find Bitcoin is going on what way?
Simply, we need to wait Bitcoin action in the support zone of Wyckoff ( 6500 - 6900 ), if it break down this support so hello to the hell of 3xxx - 4xxx like 2014. In contrast if Bitcoin has bounce back from here with good blue volume and all indicator is good so this time is last dump and welcome to new uptrend cycle!
Anyway, thanks all you for following me and 3 chart above of me have been staying in TOP a long time so depend on them and make your decision!
At this time guys, as I said, this is importance zone, if bounce from this zone so we will have Wyckoff in 2018-2019. But if it break down this support zone so Bitcoin will go like it did in 2013-2014!
So smart when entry!
I surely updating for all you Guys what we are fucking doing (up by Wyckoff or go the the hell with similar chart in 2014)
In above, when I talk with all you guys that 65xx is very importance zone will decide what we are going this year or maybe in early next year. I give you 2 chart are: Comparing Bitcoin with 2014 and Wyckoff Method. Both of them are true until we are stand in 65xx. But Bitcoin bounce from this zone or break down will show us what exactly Bitcoin following which chart?
I think you can guess, right?
Sadly to talk, Bitcoin has break down 65xx and I wait the action in here in 1 days and hope this is fake for accumulate before pumping but not. Many bad indicator show we will see Bitcoin like 2014. So at this time to next future what we should do?
It is depend on you! If you see Bitcoin like 2014 is same now what will you do?
Good luck for all and I will update the short time frame of Bitcoin soon!
MONERO (XMR/USD) CYCLE
ETHEREUM CLASSIC CYCLE
You mean my last trade? Go and look at the bottom in aug 13, my 3rd idea, you will
be embaraced to talk after hitting the play button, and you can dream of making those calls,
those calls need high semen indivudals, you guys come in when i sell. Sheep detected.
Ik don't know why you see my comment as a reason to be offensive