Finally broke out of the Symmetrical Triangle, made the re-test, and resumption off... Price targets are : -Breakout measurement level -1.618 -2.36 **-2.618 is the the parabolic target, short/mid-term
If we can break out of this flag to the upside, and reclaim 58k as support, the dip may be over...If we break down, 49k&45k are my next targets....If your'e trading, trade the moves...If your'e just hodling btc for the long term, don't get shaken out.
Just some overall market structure to show you that everything is right on track. Did you buy the dip?, or did you sell me your Crypto?
I've been a profitable trader for over a year, and im now getting into the Wyckoff Method. If anyone is skilled with this method, can you give me some feedback whether im on the right track with it. Thank You
Just a macro view of bitcoin dominance structure and levels for your enjoyment and benefit.
Still ranging a bit inside the triangle. Could be choppy, liquidating both sides of the trade before making its break, or could be stagnant for about another week, giving alts even more room to run.
waiting to see whether we will break in the short term, or continue in triangle, and also mid term range
This is another idea of potential BTC path in the short-mid term. Maybe could travel up a bit more, get everyone long, then drop down, make a double bottom, and stop right before crossing the HAS neckline before reversing, liquidating Longs&Shorts both ways, before resetting some momentum indicators and continuing the bull trend.
i know alot of people are seeing a HAS on higher time frames, and i will say that there is still a chance of that playing out, but i think this Inverse HAS has a bit more probability. We shall see.
I believe the adam and eve is starting to lay out. I am becoming even more confident on the potential of Synthetix.
If Bitcoin either remains stable or proceeds slow, I think this may blast off. It's also getting added to Coinbase Pro.
i think that after it spent some time back down in the accumulation zone, it has the potential for a much greater upside. The LANDSALE is tomorrow, which adds to the fundamental reason for the recent rise, but i believe that there are some good technicals at play here as well. The measured move of the possible Inverted H.A.S. has most likely already been hit, but...
1 potential idea out of 3 that i have. Maybe re-test and resumption, thendrop down again to shake more out, create a double bottom, and begin the run again.
This may have some validity during next year when we S/R Flip 20k.
Waiting for confirmation as to the chosen direction
my second idea, i may have missed the true pattern, or im just second guessing myself to be open to more options.