BitcoinMillio18

BitcoinMillio18 Updated 

Well, if you are not aware of how we got played by insitutional players and whales by now, this is for you. Currently we are in wycoff distribution phase E as the top formation. I know we are going to 100k, but not with a straight line and probably not this year. Since we are in Phase E of wycoff distribution, we will need to go down and complete it, following a...

BitcoinMillio18 Updated 

I've digged deeper in to details and updated the accumulation phase we are entering. While the length of each phase can differ, this is pretty much what it will look like to reach $100k. So, sideways accumulation looks like it will continue in trading range until October, while institutions accumulate, following a rally / markup to $80k and the distribution will...

BitcoinMillio18 Updated 

We have successfully tested the upper resistance of our trading range with a tiny upthrust and turned down towards the $35k support, following $32k and $30k. Regarding p&f chart, i've explained in my previous analysis that we have 13 columns so far in the accumulation structure. This counts to a $39k potential, but we need at least $26k more to reach our beloved...

BitcoinMillio18 Updated 

Hi, Tradingview removed my analysis update so i'm posting the revised version with LOVELY Tradingview charts! In this update i want to explain wyckoff method using poit and figure charts. Wyckoff uses them for identifying the events without the noise. These charts are created using x and o's, hence the topic tic-tac-toe . Google it and you can play the game...

BitcoinMillio18 Updated 

I've added 50 & 200 day moving averages to my analysis to see where the death cross meets wyckoff schematics. Looks like they are about to create a perfect storm to the downside. The death cross is widely popular these days, so it's hard to find buyers now for an upthrust. We also have a low volume, so it's up to the composite operator, whether or not he'll...

BitcoinMillio18 Updated 

Hi all, Wyckoff accumulation schematics are playing out well until now. Price reached at the upper resistance level of the trading range at $40.841. I'm exiting all my positions now as we are entering an upthrust event, because this will not be a sustained breakout and will flip anytime down fast according to wyckoff accumulation schematics. Red circles on the...

BitcoinMillio18 Updated 

Hi all, In my previous analysis, secondary test occurred way above selling climax which was bugging me, now with the 15 months long term uptrend has broken and price is leaning towards $30k, i believe secondary test will actually happen now. So i've moved the secondary test event by 5 days. Note that this is the break of 15 months long uptrend, hence the...

BitcoinMillio18 Updated 

Hi all, I've shared Wyckoff Accumulation scenarios in my previous analysis, but there is another scenario in case the secondary re-test at 30k is successful. That is the re-accumulation. Re-accumulation occurs in long term up trends resulting with continuation. Given we are in a bull market and just in the middle of the bull run, it is more likely to happen...

BitcoinMillio18

No matter how hard you try, how advanced indicators you use, you are always one step behind right? Well, i might have some explanation and a solution for you plebs. Vast majority of the market trades Bitcoin with USDT, but did you know stable coins have been added to crypto space long after crypto pairs? That said stable coins made it 'easier' for plebs like us...

BitcoinMillio18 Updated 

If you watched price action on yesterdays close, the week has closed below 52k and the bearish flag broke down as expected, but whenever something expected happens in Bitcoin, whales start manupilating and that's what they did. Price action was insanely fast, that means it can't be a market move, it's a whale move. Let's remember what whales want: rip you off....

BitcoinMillio18

This bearish flag is normally expected to break down as the previous one did. However, this is Bitcoin and we are talking only a thousand dollar move to decide. It's stuck there and will break it by the end of today. I'm short term bullish now. Daily downtrend is now broken. Last 7 hours to close above $51k on the weekly timeframe Short term bullish!

BitcoinMillio18 Updated 

If this bearish flag isn't bearish enough, i don't know what is. $43k today.

BitcoinMillio18

If you are happy that Bitcoin closed the day above $50k and you are lucky enough to buy the dip, wait until you realize Bitcoin was around $1.000 shy from yesterdays close and the daily downtrend line was not even tested. This means one thing: We will have another down day and further. Expect a huge drop in few hours if not minutes, whales started dumping. The...

BitcoinMillio18

Yesterday's daily candle closed just above 51k after staying there about just 15 minutes. Whales dumped all their stack 3 minutes after the close. Just saying.

BitcoinMillio18

Bitcoin needs to break the down trend on the daily timeframe in 4 hours or it will collapse! Just saying.

BitcoinMillio18

We all wanto to see this happening just like this, but it's gonna be a bumpy road!

BitcoinMillio18

Hi plebs and shrimps :) In the last 24 hours we have been in a bull trap set by whales. They have created a false trend reversal and made 15% in less than a day. Tradingview does not allow publishing charts below 1 hour, so i'm attaching a 1 minute chart and will explain how they did it minute by minute, read on. s3.tradingview.com So, your most reliable...

BitcoinMillio18

I'm sharing my TA here mostly for learning purposes. I'm learning hard lessons with my own money. Yesterday i perfectly timed the last bounce within the bearish flag. Price went up as i predicted, however u-turned back down and hit so hard and so fast while i was asleep. Luckily, i've set a stop loss on the hourly close of the bottom of triangle at 53308.92....