next 48 hours are key.
i believe btc raids 80k with force to stop out everyone who fomo'd into the move over the last 2 weeks in this current range.
typical wyckoff accumulation behavior.
create a range, make it look like we're going to breakout, and then sweep the lows, taking everyones position before the real breakout.
---
fakeout
then
breakout.
---
some elliott wave terminologies,
from nov 21st low btc came up in a bearish 3 wave move peaking last friday.
from there it came down in a clean impulsive wave to the downside.
yesterday we were skeptical about it and entertained multiple scenarios,
but after some further thought, i conclude my statement by saying
it does indeed look impulsive, and there is a 95% chance we sweep 80k before attempting to bombrush 185k.
---
🎯 = 80k into end of week.
i believe btc raids 80k with force to stop out everyone who fomo'd into the move over the last 2 weeks in this current range.
typical wyckoff accumulation behavior.
create a range, make it look like we're going to breakout, and then sweep the lows, taking everyones position before the real breakout.
---
fakeout
then
breakout.
---
some elliott wave terminologies,
from nov 21st low btc came up in a bearish 3 wave move peaking last friday.
from there it came down in a clean impulsive wave to the downside.
yesterday we were skeptical about it and entertained multiple scenarios,
but after some further thought, i conclude my statement by saying
it does indeed look impulsive, and there is a 95% chance we sweep 80k before attempting to bombrush 185k.
---
🎯 = 80k into end of week.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
