ChartCinema

BITCOIN ๐Ÿš€ is at the same prices that Tesla bought it at ๐Ÿ‘จโ€๐Ÿš€

ืœื•ื ื’
ChartCinema ืžืขื•ื“ื›ืŸ   
COINBASE:BTCUSD   ื‘ื™ื˜ืงื•ื™ืŸ
Just something to think about.
ื”ืขืจื”:
Bitcoin x Wyckoff
โœ…1) Need to flip that 1H - 200 EMA to Support
๐ŸŸก2) Volume should start increasing as retail traders take positions.
๐ŸŸฅ3) Price needs to get to the $43,000 Resistance Line
๐ŸŸฅ4) Reversal is only confirmed with a huge Volume Spike... FireRocket

ื”ืขืจื”:
Just updated the Wyckoff Schematic to be more detailed and precise...
โœ…1) Need to flip that 1H - 200 EMA to Support
๐ŸŸก2) Volume should start increasing as retail traders take positions.
๐ŸŸฅ3) Price needs to get to the $43,000 Resistance Line
๐ŸŸฅ4) Reversal is only confirmed with a huge Volume Spike... ๐Ÿ”ฅ๐Ÿš€

ื”ืขืจื”:
As bullish volume expands, this is the phase of the Wyckoff schematic where traders will look to go Long.

โœ…1) Need to flip that 1H - 200 EMA to Support
โœ…2) Volume should start increasing as retail traders take positions.
๐ŸŸฅ3) Price needs to get to the $42,000 Resistance Line
๐ŸŸฅ4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ๐Ÿ”ฅ๐Ÿš€

ื”ืขืจื”:
BITCOIN x Wyckoff Accumulation appears to have failed... ๐Ÿ˜ญ
Only 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...

ื”ืขืจื”:
BITCOIN -- Supply and Demand โš” Battle Is Coming to a Close! (after 25 days of agony ๐Ÿ˜“) Volume in relation to Price (Effort and Result)... have shown that Bears ๐Ÿป had no follow-thru and the Bulls ๐Ÿ‚ gave clues of accumulation with increasing volume spikes. ๐Ÿ


โœ…1) Above 1H - 200 EMA to Support
โœ…2) Bullish volume increasing as retail traders take long positions.
๐ŸŸฅ3) Price needs to get to the $42,000 Resistance Line
๐ŸŸฅ4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... ๐Ÿ๐Ÿ”ฅ๐Ÿš€

๐ŸคชI 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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