Kentg

Finally on the point of interest ! - LDTP #16

Kentg Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Let's do the point !

We are finally on the level that I'm looking for since months now. It's the moment of truth, spring will succeed or fail ? We will have the answer soon, in all case the rules are always the same : WAIT SIGNALS, DON'T ANTICIPATE.
I will update this idea with everything I find to say like I did for the LDTP #14.1 (I hope I will have time to do it).
LDTP #15 just have been closed after multiples update, the main idea I was presenting have been proved, I invit you to check it.

First thing we can say is that we find the same interest that we had the first time we entered in the spring area. Since we broke the last daily bottom we find the same interest again, institutionnals are back, it's accumulating.
We can also point the epidermic reaction that we had on the bottom of the area, pixel perfect once again.

Wyckoff redistribution on 1 minute timeframe actually for me, decreasing volume so anticipated exit, we should go to at least $24,100, $23,620 for the final target.

This idea will be updated multiples times.
Comment:
FINAL TARGET REACHED
You can frame it and hang it above your screens it's a study case. The structure inside the range of Wyckoff is perfect, bounce on the first target to pullback on the broken demand area becoming supply to reach the final target. To be really perfect, it should go straight from the pullback to the final target but it's not uncommon to see a consolidation between the two target, pullbacking on the first target before to reach the last target.

Also it's interesting to notify that interest is even bigger since we are under the bottom of the spring area, volumes are actually really really high. We are not even in the US session and the daily volume is already more than 2/3 of the last entry in the spring area. Remenber what could happen if the spring succeed.
Comment:
No signals, no pressure, so it's a breakout of the level if it close like that, invalidation of the pattern, fail of the spring. Another plan and larger picture will have to be made because if you remenber the other challenge of this pattern, it was to avoid the bear market.
I'm not going to hide that I'm disappointed but having plans invalidated is part of the game you cannot control market, the main objective is to don't lose money in it and that's what happened today.
I want to add that MANAUSDT and GALAUSDT which was the only to show signals one month ago show another time an interesting reaction today (THETA too). Like the other time it's not an advice to invest, I just point it.
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