BTC WYCKOFF TO SHAKEOFF RETAIL
This is my first public post on here and probably the most important one ever for my crypto career haha jk.
Just a theory from what I've learnt so far - a lot of indicators confluence right here to sell stating the market is overbought temporarily.
MAINLY, BTC seems to be closely mirroring the Wyckoff pattern, all news and upcoming events (earnings etc) included.
I've entered a short position at $24100 and I intend to ride the trade all the way down to the range of 15xxx taking profits in between.
Will start entering long positions at 16k and below.
Stoploss at AR, seems like a solid trade.
I feel sorry for the retailers and late FOMOERs.
Wish y'all good luck.
This is not financial advice.
Just a theory from what I've learnt so far - a lot of indicators confluence right here to sell stating the market is overbought temporarily.
MAINLY, BTC seems to be closely mirroring the Wyckoff pattern, all news and upcoming events (earnings etc) included.
I've entered a short position at $24100 and I intend to ride the trade all the way down to the range of 15xxx taking profits in between.
Will start entering long positions at 16k and below.
Stoploss at AR, seems like a solid trade.
I feel sorry for the retailers and late FOMOERs.
Wish y'all good luck.
This is not financial advice.
Trade closed: stop reached:
Took profits level by level, but the remaining trade closed with a stop at entry. I apologize, still learning!