Bitcoin Wyckoff Upthrust & The Death Cross Update
מעודכן
I've added 50 & 200 day moving averages to my analysis to see where the death cross meets wyckoff schematics. Looks like they are about to create a perfect storm to the downside.
The death cross is widely popular these days, so it's hard to find buyers now for an upthrust. We also have a low volume, so it's up to the composite operator, whether or not he'll attempt for a false breakout and try to create FOMO. We'll find out in few days.
If this upthrust fails, we'll go down sooner.
Note that this schematics is just a guideline. we just need to understand the sequence and the nature of the events and recognize them on our price action.
Also remember, i can be wrong, so do your own research!
The death cross is widely popular these days, so it's hard to find buyers now for an upthrust. We also have a low volume, so it's up to the composite operator, whether or not he'll attempt for a false breakout and try to create FOMO. We'll find out in few days.
If this upthrust fails, we'll go down sooner.
Note that this schematics is just a guideline. we just need to understand the sequence and the nature of the events and recognize them on our price action.
Also remember, i can be wrong, so do your own research!
הערה
Here's my update for the upthrust and the upcoming death cross. Also learning materials for p&f charts.
הערה
Revised update with more details:
הערה
הערה
הפקודה בוטלה
If you are following this pattern, i'd like to warn you that accumulation is likely to invalidate and it can turn in to redistribution. Checkout my newer analysis.
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