capsule91

Is Bitcoin ready for a Stepping stone reaccumualtion?

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Disclaimer... not an investing/trading recommendation
This is not a time oriented analysis, although last 2 times whales took 5 to 7 days to reaccumualte
the pathway of price action as mentioned is not a projection based on TA, rather, a mimic of the textbook wyckoff reaccumualtion schematics...
the markup target can only be calculated accurately , on completio of the Last point of support in Phase D of wyckoff schematics
for now, the 9.9k target has been mentioned on the basis if old point and figure analysis which is linked here in this chart
BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
Comment: copied factrals from the previous reaccumualtion, fits the present chematics very well..
will be interesting !
Comment: current target is recalculated in point and figure chart...
target is almost same as the provisional target...
here is the link t the chart...
https://invst.ly/795j-

Comments

@capsule91, it's a good target. next resistance starts there. This is confirmed by Bitfinex orderbook. Also, I recommended our operator friends to take the price up there before a pullback to 9.2k broken resistance to confirm it as a support. Hope they listen to my advice.

Poor TAs who don't know Wyckoff, and were expecting a pullback because of their EW theory. They don't consider operators plan and how they need to change the market sentiment before allowing a pullback.
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sandipan.mch, cool profile pic, but not better than mine :P

This chart is suuuuuuuuupar. I hope it goes that way. I still have a lot of Fiat. Waiting for re-entry. My overlay chart, which I thought was terminated a while ago, is back almost on track. Not good at all, no pullback before break up. I want to reload :P
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Pro Chartt by Pro Trader is what really makes my day. Well done!
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capsule91 UnknownUnicorn754444
@UnknownUnicorn754444, thank you sir..! hope it plays out for us!
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