EN:
This is a Wyckoff market manipulation idea that shows current daily BTC prices as ongoing accumulation phase. After marking-up to 60k ish price point we've ended a distribution phase in May this year. After a huge market overheat this year with a mark-down up to 30k USD occurred. Therefore we have two possible scenarios:
1) We are in a re- distribution phase on our way down.
2) We are in a text book example of market accumulation.
My bet goes to number two - we should get into few corrections and find LPS (Last Point of Support), then accumulate on top bounds of our current resistance showing Signs Of Strength. In the end a new mark-up phase may occur breaking our resistance at 40K mark. My prediction for re- accumulation phase goes to 45k USD levels.
This is a Wyckoff market manipulation idea that shows current daily BTC prices as ongoing accumulation phase. After marking-up to 60k ish price point we've ended a distribution phase in May this year. After a huge market overheat this year with a mark-down up to 30k USD occurred. Therefore we have two possible scenarios:
1) We are in a re- distribution phase on our way down.
2) We are in a text book example of market accumulation.
My bet goes to number two - we should get into few corrections and find LPS (Last Point of Support), then accumulate on top bounds of our current resistance showing Signs Of Strength. In the end a new mark-up phase may occur breaking our resistance at 40K mark. My prediction for re- accumulation phase goes to 45k USD levels.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.