With all of this obvious Manipulation going on, I thought I'd review the Wyckoff Schematic that many traders are talking about now that we are coming to grips with the fact that Elon hates us.
Most Wyckoff charts show Bitcoin price in the "Phase D" (mark down) trend and that certainly fits. However, I am making the case for the current price action to only be in the "Phase B" part of the distribution.
This would mean a BULL phase or UT (upthrust) leading to a new ATH is imminent.......after maybe one more lil baby dip into uncomfortable territory (40k)...
Let me know what you think. Is Elon a wackoff? OMG is Saylor a wackoff!?
Most Wyckoff charts show Bitcoin price in the "Phase D" (mark down) trend and that certainly fits. However, I am making the case for the current price action to only be in the "Phase B" part of the distribution.
This would mean a BULL phase or UT (upthrust) leading to a new ATH is imminent.......after maybe one more lil baby dip into uncomfortable territory (40k)...
Let me know what you think. Is Elon a wackoff? OMG is Saylor a wackoff!?
Comment:
Still a chance, 40k turned into 32k but still on track in most regards.