-Considering the shrinking volume on the Signs of Weakness' in Phase B, I assume we are in the Distribution Schematic #1
-Also, look at the Distribution Schematic #1, it is nearly identical with our BTC situation
Thanks for taking a look, please PM me if you are a fellow Wyckoffian so we can share ideas!
I've been studying the Wyckoff Method laboriously for the past couple weeks and I'm beginning to see the institutional setups. I know I'm still a noob but remember ladies and gents practice makes perfect.
Ok now that we got that out of the way:
* RSI has broken out of the bullish trendline which displays bull exhaustion
* We are at the upthrust after...
It seems that the bulls are finally putting up a fight but an uptrend is not yet confirmed. To be safe take my advice in my chart. I have bought in however this might be a long journey uphill, i plan to take my profits after about 24hrs depending on the market circumstances.
Thank you and please follow me, I will be doing more of these from now on.
After a long(no pun intended) bearish trend or downward spiral one thing is for certain. We are very near the light at the end of the tunnel. Cardano has reached its next support level and if it is respected, it is safe to expect a compensation. The start of a bull run.
Not your financial advisor