unic-um

unic-um

DOGEBTC has been following a steady trend downwards since the high in may. To me, it has been evident that a violent markdown is imminent since the middle of june - even though I have been reluctant to place my bet out of a respect of the power of the meme. I have tried my hand on a wyckoffian analysis in the chart presented. The Sign of Weakness (SOW) showed up...

unic-um

With Wyckoff becomming popular since the drop in may, I halve also concluded that we are in a trading range (TR) between 30-40k. Since bitcoin failed to regain the top half of the TR after it formed a double bottom volume and spread has been trickling off. Some are saying that wyckoff ackumulation pattern has been invalidated by bitcoin failing to regain 38-40k,...

unic-um

DOGEBTC has been printing a bearish head and shoulder pattern. I expect its massive market cap to bleed into other altcoins in the near future. Any comments are appreciated!