salehG91

salehG91

Bitcoin seems to be going through a Wyckoff distribution scheme #1. We are probably in the last stage of completing the top with the third drive of the three drives pattern. Whats to come is a drop probably retesting 19k level within the next few months.

salehG91

My thesis is that somewhere within the next 6 months (until around April 2024). Bitcoin will revisit 19-21k area. I don't know what the driver will be, but something that will make people panic, this time I don't think the bottoming period will be as long as dump of 2022. When Bitcoin reaches 19k, when you hear most people talking about Bitcoin is gonna break...

salehG91 Updated 

This is my analysis for what's to come with Bitcoin according to Wyckoff accumulation theory.

salehG91

This study is based on Wyckoff’s accumulation second model.

salehG91

This is a wyckoff accumulation study for bitcoin for the duration of 2023.