#BTC Cup & Handle forming? Or are we just rolling to $40k? Or back down again to test the 30K level? LMK your thoughts. I need to learn COINBASE:BTCUSD
Over the last few months GME has been forming a large cup, basically completing that cup today. If we look at the pattern from October '20 made before the first spike and current0 the formation playing out, we can find a lot of similarities. Since the squeeze seems to still be a play - just for fun - let's take a look at how this would roll if the same pattern...
Here is a brief theory of mine on where we are right now if we really are in an accumulation phase of the Wyckoff Method. In this scenario, I believe we are early in phase B and will be in for a wild ride over the next couple of months while we utilize the whole range created in January. Hopefully, this will end sometime between mid-June and mid-August, then we...
Here is a brief theory of mine on where we are right now if we really are in an accumulation phase of the Wyckoff Method. In this scenario, I believe we are in phase D and could be out of the accumulation phase by the middle of June. I believe this is a less likely scenario and that we will range between $30K & 40K for most of the summer. I will post that...