I am no expert. I do this ONLY for fun. Accept this with a “grain of salt
A long wick tested the price area of $6500. From what I understand, someone with “huge pockets” can only move a market in this fashion. Whoever it may be, is testing the demand level of $6500. When will it happen? I don’t know. Just a theory for now.
Also, if you are familiar with the concept of Elliot wave theory, we’ve completed a full cycle, so I’d imagine we’re still in correction. Just a theory for now.
Again, this is just speculation. As you can see previously, I been inaccurate in my previous assessments.
Goodluck
SillY SiL
A long wick tested the price area of $6500. From what I understand, someone with “huge pockets” can only move a market in this fashion. Whoever it may be, is testing the demand level of $6500. When will it happen? I don’t know. Just a theory for now.
Also, if you are familiar with the concept of Elliot wave theory, we’ve completed a full cycle, so I’d imagine we’re still in correction. Just a theory for now.
Again, this is just speculation. As you can see previously, I been inaccurate in my previous assessments.
Goodluck
SillY SiL