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
will be interesting !
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.
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