$AGII of IDX
Technical:
Rising Wedge breakdown followed a textbook ABC pattern
Breakdown will result in freefall to a strong first support at 1400 area, followed by a failed attempt to push past the bottom channel of the wedge and will start another freefall to the next support at 800 area inside 0.618 fib area.
Fundamental:
The trigger would likely be the...
Im also a moonbois,but hear me out moonbois,
Technically over from :
- Market Structure Break (40K-> september 21 low)
- Trade below 20W SMA, 21W EMA or bull market support band over 6 weeks, usually we bounce in 1/2 weeks in previous bullrun
- Degrading volume since early November 21, signalling big player is pulling out
Fundamentally :
- Growing geopolitical...
The 2021 bullrun rollecoaster of bitcoin is met with Wyckoff distribution Scheme and now an accumulation scheme.
Whats come next is as we got the big jump after the spring, we will soon consolidate for a while before retesting the previous resistance at around 40k
Then, after breaking said resistance we will have the second consolidation that will last longer as...
After weeks of waiting, BTC finally breaks the symmetrical triangle and this time it goes above and here we discuss the potential outcome of this breakout and both the bullish and bearish target based on the Fib. Retracement, Keltner Channel, as well as the Wyckoff Accummulation (2) manuever as orchestrated by the whales
Conclusion/TL;DR :
If we saw Bitcoin...
1. Expect BTC to reverse and retest the median keltner channel, aprx. at 54K as we are on super oversold condition, way below for daily RSI at 37ish atm, and given the drop of the DXY index.
As a side note, we might see some price volatility at sunday but at least the start of next week we will try to close last friday cme gap at 49200
2.a. If we able to close...
