- TradingView distorted again my post. here a clear image :
- We need to compare BTC movements with The Wyckoff Method and we will get a more clear view.
- We are in a long corridor and it can take time before a new Bull Cycle as big hands are waiting for retailers to give up.
- i published in July a chart indicating a potential bottom around 17500$. here :
- i am clearly not convinced yet that BTC will make a fast wick to 15,000$, and i forgot already about 10k.
- Bollinger Band is one of my favorite indicator on Weekly TF to try predict potentials bounces.
- You can see clearly on the chart that BB bottomed around 12,600$ and right now growed to 15,500$.
Zoom in :
- So of course like always, everything can happen as economy is weak, but my work is TA, and not FA news.
- A wick to 15,000$ is still possible but clearly uncertain, all i can tell you is if this happens, be ready to charge your bag.
Happy Tr4Ding !
- We need to compare BTC movements with The Wyckoff Method and we will get a more clear view.
- We are in a long corridor and it can take time before a new Bull Cycle as big hands are waiting for retailers to give up.
- i published in July a chart indicating a potential bottom around 17500$. here :
- i am clearly not convinced yet that BTC will make a fast wick to 15,000$, and i forgot already about 10k.
- Bollinger Band is one of my favorite indicator on Weekly TF to try predict potentials bounces.
- You can see clearly on the chart that BB bottomed around 12,600$ and right now growed to 15,500$.
Zoom in :
- So of course like always, everything can happen as economy is weak, but my work is TA, and not FA news.
- A wick to 15,000$ is still possible but clearly uncertain, all i can tell you is if this happens, be ready to charge your bag.
Happy Tr4Ding !