URGENT-Does Wkyoff history repeat itself? Big Shot & Big Picture
Hello Guys,
Yesterday night and today, we saw a lil pump on BTC pair.Short team looks like nice , everything settling down. I saw already comments that says BTC new Ath is on the way and etc. But let's take a look in another point of view. I been noticing this chart since last high and huge drop. I pointed last spring season fall and how Wkyoff played in chart. We all know that exact analysis worked well. But we can clearly say , we are experiencing little Wkyoff season right now. Don't you think this purple and blue seasons look like mom and daughter?
Even tho short term looks promising , there are lots of suspicious act on BTC. First , We clearly can see there is another Wkyoff distribution playing on. Second , there is negative divergence and low volume every highs( exactly like last huge drop blue circle)
Third , As We all know September month is called bloody BTC month. Since years , there is no any big positive movements in BTC in September specifically.
In my opinion , We will experience another Wkyoff formation. And unfortunately , it will lead another big drop to 37-38k range just exactly like how we saw in last spring. Price moving exactly same. Of course we can witness another scenario at the moment. But I will be on my side believing there will be big drop to 38k until end of September before we see big Rally. There are so many similarity , so volume in BTC for every high , negative divergence and more on is supporting this idea. I don't think BTC will make another high. We will see big drop.
Tell me What you think in the comments. Like and comment your ideas with me. Would love to hear!
Don't hate me because I am showing you another point of view :)
Share this with your crypto friends to be careful. If we dont see another high from BTC , It will be blood lake all over here.
Yesterday night and today, we saw a lil pump on BTC pair.Short team looks like nice , everything settling down. I saw already comments that says BTC new Ath is on the way and etc. But let's take a look in another point of view. I been noticing this chart since last high and huge drop. I pointed last spring season fall and how Wkyoff played in chart. We all know that exact analysis worked well. But we can clearly say , we are experiencing little Wkyoff season right now. Don't you think this purple and blue seasons look like mom and daughter?
Even tho short term looks promising , there are lots of suspicious act on BTC. First , We clearly can see there is another Wkyoff distribution playing on. Second , there is negative divergence and low volume every highs( exactly like last huge drop blue circle)
Third , As We all know September month is called bloody BTC month. Since years , there is no any big positive movements in BTC in September specifically.
In my opinion , We will experience another Wkyoff formation. And unfortunately , it will lead another big drop to 37-38k range just exactly like how we saw in last spring. Price moving exactly same. Of course we can witness another scenario at the moment. But I will be on my side believing there will be big drop to 38k until end of September before we see big Rally. There are so many similarity , so volume in BTC for every high , negative divergence and more on is supporting this idea. I don't think BTC will make another high. We will see big drop.
Tell me What you think in the comments. Like and comment your ideas with me. Would love to hear!
Don't hate me because I am showing you another point of view :)
Share this with your crypto friends to be careful. If we dont see another high from BTC , It will be blood lake all over here.
Trade active:
Entered short position from 48,300
When we look first spring big wykoff picture , we see 2th and 5th hills height is same. Price rejected from 2th hill top and had big drop.
Right now In small circle , we are in our 2th small hill resistance. If price rejects strongly , we can see our trading play out. lets watch!
When we look first spring big wykoff picture , we see 2th and 5th hills height is same. Price rejected from 2th hill top and had big drop.
Right now In small circle , we are in our 2th small hill resistance. If price rejects strongly , we can see our trading play out. lets watch!
Trade active:
Running %14 solid profit. I am still expecting 38k target.
Trade closed: target reached