BITCOIN ๐ is at the same prices that Tesla bought it at ๐จโ๐
Just something to think about.
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Bitcoin x Wyckoffโ 1) Need to flip that 1H - 200 EMA to Support
๐ก2) Volume should start increasing as retail traders take positions.
๐ฅ3) Price needs to get to the $43,000 Resistance Line
๐ฅ4) Reversal is only confirmed with a huge Volume Spike... FireRocket
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Just updated the Wyckoff Schematic to be more detailed and precise...โ 1) Need to flip that 1H - 200 EMA to Support
๐ก2) Volume should start increasing as retail traders take positions.
๐ฅ3) Price needs to get to the $43,000 Resistance Line
๐ฅ4) Reversal is only confirmed with a huge Volume Spike... ๐ฅ๐
ืืขืจื
As bullish volume expands, this is the phase of the Wyckoff schematic where traders will look to go Long.โ 1) Need to flip that 1H - 200 EMA to Support
โ 2) Volume should start increasing as retail traders take positions.
๐ฅ3) Price needs to get to the $42,000 Resistance Line
๐ฅ4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ๐ฅ๐
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BITCOIN x Wyckoff Accumulation appears to have failed... ๐ญOnly sign of hope is the lack of increasing Bear Volume in relation to price dropping. (Effort < Result)
Without Bullish Demand... the only chance of a reversal is a Short Squeeze by whales at $30,000...
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BITCOIN -- Supply and Demand โ Battle Is Coming to a Close! (after 25 days of agony ๐) Volume in relation to Price (Effort and Result)... have shown that Bears ๐ป had no follow-thru and the Bulls ๐ gave clues of accumulation with increasing volume spikes. ๐โ 1) Above 1H - 200 EMA to Support
โ 2) Bullish volume increasing as retail traders take long positions.
๐ฅ3) Price needs to get to the $42,000 Resistance Line
๐ฅ4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ๐๐ฅ๐
๐คชI can't believe it's been ranging sideways for nearly a month! (25 days to be precise.) I believe Bitcoin may take the lead, while the Altcoins may lag behind and range sideways for an extended time.
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