BTC just completeed wkycoff accumulation on the 4hr chart. This current dip was the spring in wykcoff schematic, where the retail traders long positions stops are hunted and bear trap for the shorts.
I expect BTC bounce from here, this would be the wave B of the zig zag of the Y wave in this whole corrective structure from 20k
While everyone was bullish on the bounce from 7k, I was very skeptical and expected us to hit sub 7k regions around 6600 in previous idea.
That was on point.
Hoping for bounce here to 0,5 fib level.
Indicators are oversold and RSI hit some pretty extreme values in this dump.
I expect BTC bounce from here, this would be the wave B of the zig zag of the Y wave in this whole corrective structure from 20k
While everyone was bullish on the bounce from 7k, I was very skeptical and expected us to hit sub 7k regions around 6600 in previous idea.
That was on point.
Hoping for bounce here to 0,5 fib level.
Indicators are oversold and RSI hit some pretty extreme values in this dump.
Trade active
Order cancelled:
BTC looks real weak here. Might just bounce to 6800ish before more downside.
Comment:
It was probably wykcoff distribution. Getting out asap.
