Willshipp

Willshipp

Following on from the last post/prediction. The daily TF seems to be printing a nice falling wedge that seems to fit our narrative should it come good - smaller time frames show we are range bound between $40,000 - $30,000 (maybe a potential Wyckoff Schematic?) but should we see this break out to the downside expect a sharp decline into the low £20,000's with a...

Willshipp

Fitting in with previous prediction. A potential rising wedge pattern that should begin moving to the down side anytime soon. In my eyes, a retest of the $20,000 is inevitable as we haven't seen this region since we last broke through mid bull run - and if that is the case, the downside momentum and overall realisation that the bull run is over for this cycle...

Willshipp

Thoughts on this possibility. Looking solely at market cycles previously. Seems to coincide very well - unless that's just my bias...

Willshipp

Potential move to the upside, should we see a break of structure within 3-5 fib timeframe - a consequential retest and then expansion into a new zone. Potential price action pattern is coinciding nicely with the support from multiple moving averages on the hourly and 30 minute timeframe - as well as strengthening oscillators.