Wycoff Accumulation: This Time, Bears Be Warned Update: Part 2
It seems like this has absolutely nailed expectations. And even ran a little faster than anticipated!
We seem to already be in the LPS (Last Point of Support) and BU (Back Up) area.
This is a time we could start seeing profits begin to be taken, and a small cooling off phase. However, during the cool off it should not drop a whole lot lower, and also should put in a much higher low.
As we accumulate into this week it should be an ideal time to load up for the next phase SOS (Sign of Strength) as we begin to flip the market sediment from EXTREMELY bearish, to having hope for the return of the Bull Market. This is the time you will start seeing positive news released, as well as "So and So bought BTC" They need to justify this move with a reason, however the reason is always identified in the charts first. The narrative comes after!
-Please see our previous post for short term targets for this next leg up.
-Congratulations to all those who have held through the mess, you should be rewarded shortly.
-Short sellers, if you're still in profit it may be time to take it off the table.
-FOMO buying will begin quickly once this confidently clears the 42,000 level.
Until then, happy trading! We plan to always keep you on the right side of this thing. :)
We seem to already be in the LPS (Last Point of Support) and BU (Back Up) area.
This is a time we could start seeing profits begin to be taken, and a small cooling off phase. However, during the cool off it should not drop a whole lot lower, and also should put in a much higher low.
As we accumulate into this week it should be an ideal time to load up for the next phase SOS (Sign of Strength) as we begin to flip the market sediment from EXTREMELY bearish, to having hope for the return of the Bull Market. This is the time you will start seeing positive news released, as well as "So and So bought BTC" They need to justify this move with a reason, however the reason is always identified in the charts first. The narrative comes after!
-Please see our previous post for short term targets for this next leg up.
-Congratulations to all those who have held through the mess, you should be rewarded shortly.
-Short sellers, if you're still in profit it may be time to take it off the table.
-FOMO buying will begin quickly once this confidently clears the 42,000 level.
Until then, happy trading! We plan to always keep you on the right side of this thing. :)