Bouncy bouncy down and down. These little upthrusts get crypto Humpty Dumpty excited but they really mean nothing unless a sustained move out of the channel comes with impulse and it doesn't look likely.
If/when price reaches the horizontal channel I expect it may act like SOW + AR channel in the previous Wyckoff distribution top and will open the gates to a second Mark Down capitulation. See my linked Wyckoff thread for details There is no support from there all the way down to 17K area.
Price has passed fib time now so expecting things to get a move on at some point soon.
If/when price reaches the horizontal channel I expect it may act like SOW + AR channel in the previous Wyckoff distribution top and will open the gates to a second Mark Down capitulation. See my linked Wyckoff thread for details There is no support from there all the way down to 17K area.
Price has passed fib time now so expecting things to get a move on at some point soon.
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If you're going to give a narrative of what comes next you are welcome but please back up what you are saying with some content otherwise its just storytelling.
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Price has wicked out the channel and back in. Looks a good short here. If price starts drifting upwards above previous bounce its invalidated.
Not advice.
Not advice.
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BTC is drifting sideways and this downward channel appears to be no longer relevant. New thread coming.
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Is the bond market / FED pivot going to rock stocks and crypto 💀?
Crypto focus video coming soon😼.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
