next 48 hours are key.
i believe btc raids 80k with force to stop out everyone who fomo'd into the move over the last 2 weeks in this current range.
typical wyckoff accumulation behavior.
create a range, make it look like we're going to breakout, and then sweep the lows, taking everyones position before the real breakout.
---
fakeout
then
breakout.
---
some elliott wave terminologies,
from nov 21st low btc came up in a bearish 3 wave move peaking last friday.
from there it came down in a clean impulsive wave to the downside.
yesterday we were skeptical about it and entertained multiple scenarios,
but after some further thought, i conclude my statement by saying
it does indeed look impulsive, and there is a 95% chance we sweep 80k before attempting to bombrush 185k.
---
🎯 = 80k into end of week.
i believe btc raids 80k with force to stop out everyone who fomo'd into the move over the last 2 weeks in this current range.
typical wyckoff accumulation behavior.
create a range, make it look like we're going to breakout, and then sweep the lows, taking everyones position before the real breakout.
---
fakeout
then
breakout.
---
some elliott wave terminologies,
from nov 21st low btc came up in a bearish 3 wave move peaking last friday.
from there it came down in a clean impulsive wave to the downside.
yesterday we were skeptical about it and entertained multiple scenarios,
but after some further thought, i conclude my statement by saying
it does indeed look impulsive, and there is a 95% chance we sweep 80k before attempting to bombrush 185k.
---
🎯 = 80k into end of week.
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