Good morning, traders. It's Thursday and Bitcoin is moving as expected at this time. On last night's live stream I spoke about how we expected to see one more push upward toward $7700-$7800 to complete a possible subwave 5 of this Wave 3. Following through in such a way should give price the look of the previous pattern which occurred prior to the breach of the...
Good Monday morning, traders. Last Friday I warned, after the shakeout, that I wouldn't want to be short as it appeared the larger interests were filling longs. Fast forward to today and here we stand this morning at about $300, on average, higher than that shakeout. So what does this mean for our current situation? Are we going up or down? After this morning's...
In my last chart, I had emphasized that the Wyckoff's Spring is likely at the $6,000 level (aka The Walls of Westeros) provided that price bounces from $6,000 and not any higher. Why is that? Well, it is important to remember that the Wyckoff's Spring needs to be a lower low. Of course, this is all based on the assumption that Bitcoin is really trending according...
Using Wyckoff's schematic 1 Accumulation,we can analyse the volume to the price action and structure. The description worth mentioning is written on the chart :P.
WYCKOFF ACCUMULATION Everything was going fine, but so much supply volume was too unexpected, and the absorption of supply by the Composite operators is yet to occur, I expect there will be a slow , low volume "Creek" which will be engineered to test the supply levels in the bottom of the trading range, it can be the immediate previous low test as i have marked,...
dISCLAIMER.. nOT AN INVESTING/TRADING RECOMMENDATION This is how the textbook re accumulation looks like.. visit the link... d.stockcharts.com
Here is the revision to this prevision idea and other supporting ideas ... Disclaimer... not an investing/trading recommendation