BTC (Y22.P3.E2) Wyckoff alignment, The decider.

2022년 7월 22일

Hi All,

Just sharing some knowledge about this current structure.
This lines up perfect with the wyckoff accumulation and re-accumulation structures.
One is a reversal and the other is a continuation formation.
At this point, we cannot know.
Hence why this is the difficult stage. for BTC.
Double top or 618 rejection area (pretty much the same as Dtop).

Note the neckline is critical level to get out.
If we lose this, we are headed to 15k

What is next?
Next week will determine the whole market direction with the likes of tech companies reporting profits\losses and the QE FED CPI meet.




2 targets based on how you apply the fibonacci and one equates to double top.
The other, 25k as the next target.



All the best,

S.SAri

2022년 7월 22일

노트

2022년 7월 22일

액티브 트레이드

2022년 7월 23일

노트

2022년 7월 28일

거래청산: 타겟 닿음

in our Telegram group, I did change my mind about the potential support at the 618 fib level, which worked out well for a bullish bounce,
Still below the resistance TL