This chart show the wake top BTC made late 2021 and early Summer (69k$-64.8k$).
I have the belief that BTC top on Friday the 08/01/2021 at a round price of 41950$.
This in is line with GBTC start the continued selling of there BTC supply.
The time in between 08/01/2021 and the most recent bottom of 17622$ on the 18/06/2022.
Has bin an inverted bear market. This because of the famous market patterns BTC/USDT formed in this period.
Being a Wyckoff Market Cycle.
Forming a quad top from 02/2021-06/2021 and a double top in 11/2021 above the 41950$ markt top.
Following a cycle of downside from 26/11/2021 to the end for the trend 18/06/2022.
Leave a comment down below with thoughts if you have questions about this Wyckoff market Cycle.
After the worldwide panic that was this downside cycle BTC top again at 25211$.
Just above what is now a volume RES zone range of 45% of all volume that happened since the 05/11/2021 14093$
The zone 45% range low is 18393$ and mid range is 19.2k$.
Any price action below the mid range or range low should be a instant BUY for the next 3-5 year.
Targeting 100k$+ / 332k$ (--->1m$+)
If this LVL is broken again for a longer time I see the 15k$-14k$ range come in to play
And because of recent high relative volume coming mainly from the US zone and EURO zone.
Can result in mass panic!!! And a likely V shape bounce.
Think 03/2020 or 11/2018-05/2019.
PLS NOTE:
At last this is post is the result of a 4 HOUR NIGHT of thinking AND IS NOT ADVICE.
ONLY TO BE USED as new way of thinking about BTC and current life.
With 1,75 year experience 05/2021 to my name as of writing this.
I have the belief that BTC top on Friday the 08/01/2021 at a round price of 41950$.
This in is line with GBTC start the continued selling of there BTC supply.
The time in between 08/01/2021 and the most recent bottom of 17622$ on the 18/06/2022.
Has bin an inverted bear market. This because of the famous market patterns BTC/USDT formed in this period.
Being a Wyckoff Market Cycle.
Forming a quad top from 02/2021-06/2021 and a double top in 11/2021 above the 41950$ markt top.
Following a cycle of downside from 26/11/2021 to the end for the trend 18/06/2022.
Leave a comment down below with thoughts if you have questions about this Wyckoff market Cycle.
After the worldwide panic that was this downside cycle BTC top again at 25211$.
Just above what is now a volume RES zone range of 45% of all volume that happened since the 05/11/2021 14093$
The zone 45% range low is 18393$ and mid range is 19.2k$.
Any price action below the mid range or range low should be a instant BUY for the next 3-5 year.
Targeting 100k$+ / 332k$ (--->1m$+)
If this LVL is broken again for a longer time I see the 15k$-14k$ range come in to play
And because of recent high relative volume coming mainly from the US zone and EURO zone.
Can result in mass panic!!! And a likely V shape bounce.
Think 03/2020 or 11/2018-05/2019.
PLS NOTE:
At last this is post is the result of a 4 HOUR NIGHT of thinking AND IS NOT ADVICE.
ONLY TO BE USED as new way of thinking about BTC and current life.
With 1,75 year experience 05/2021 to my name as of writing this.
Comment:
Can it flip 50%
Comment:
55% next?
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