Drawn on June 25, Publishing It Late ;)
here on the 4hr time frame, we can see the Wyckoff accumulation Schematic #1 forming, this might possibly take the price upto ranges 42k to 47k,
not above that as there is major resistance at 46k-47k on the daily 200MA, whales which accumulated at lower point such as 27k, 30k would be dumping at these places and so the Wyckoff Distribution Schematic #2 's 2nd last pivot high point might be formed after that we can see a significant drop to 27k, then 25k, 21k, down to 17k and all this of people getting liquidate after taking longs in FOMO,
This CHART can also be assured by Fibonacci drawn on Weekly timeframe from the first bottom of 30k after the ATH at 64k, as show through historical data that every time Bitcoin goes through major correction upto 80% it takes a pump upto Fib levels 0.38 to 0.5 and after that it goes into a great dive to Fib level 1.618,
Hope if someone gets this,
Correct me if i am wrong ;)
here on the 4hr time frame, we can see the Wyckoff accumulation Schematic #1 forming, this might possibly take the price upto ranges 42k to 47k,
not above that as there is major resistance at 46k-47k on the daily 200MA, whales which accumulated at lower point such as 27k, 30k would be dumping at these places and so the Wyckoff Distribution Schematic #2 's 2nd last pivot high point might be formed after that we can see a significant drop to 27k, then 25k, 21k, down to 17k and all this of people getting liquidate after taking longs in FOMO,
This CHART can also be assured by Fibonacci drawn on Weekly timeframe from the first bottom of 30k after the ATH at 64k, as show through historical data that every time Bitcoin goes through major correction upto 80% it takes a pump upto Fib levels 0.38 to 0.5 and after that it goes into a great dive to Fib level 1.618,
Hope if someone gets this,
Correct me if i am wrong ;)
Don't Bet against Me