We may continue sideways within a relatively tight trading range until the last week of May to first week of June without taking a significant drop down. I laid out my argument for this potential scenario in the video. We COULD possibly have a shakeout (bear trap) the last week of May, 2019 just before going up HARD the first week of June. However, it depends on how many margin short contracts are in place that may determine whether or not we see a shakeout (bear trap).
Watch the previous publication as well if you like. You may find it helpful as well.
Thanks again followers for your support!
Stay Awesome!
David
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If you currently have a margin short position and they dump this, consider it a gift. Have a look at current Short Contracts (left of center) and Long Contracts (right of center). The difference is insane...
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Margin Shorts Need to Be Spooked in my opinion.
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Present day looks very similar to Phase D with our "Sign of Strength" (SOS) we saw in 2012. Added three (3) white text bubbles to my chart titled, "History of Bitcoin Using Wyckoff Method." I also revised Phase B, C & D for present day.
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Made a minor revision moving the Aqua text bubble underneath present day Phase C:
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Added one more text bubble:
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I'm about to make a pot of coffee. Need some wake-up juice. ; ) I'll provide a new publication in 45 to 60 minutes.
Excellent analysis and explanation, thanks for sharing!
WyckoffMode
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@FlaviusTodorius67,
Thank you, Flavius! Much appreciated...
Stay Awesome!
; )
chancellorrainerus
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Nice video thanks @ProwdClown!
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@Labassa01,
Thanks for the kind feedback!
Stay Awesome!
; )
chancellorrainerus
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Hey @ProwdClown, thanks! Do you have any opinions about any interesting projects? Long term ones I think Cardano seems so promising... And Iota seems promising but it looks like no one really cares long term. The space is so speculative long term, who knows what will suceed and what will fail... He he
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@Labassa01,
Cardano is my pick!
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Hello, everyone ! Many have asked for my Videos and why i have stopped doing them, but im officialy back making videos, ill try to stay consistent, more exp in video, there you go ! Good Luck