previous wycoff layout was destroyed during transitioning tradingview setups before i was able to post / repost it.
this is the best i can scramble, but given the new data and current trajectory; some adjustments have been made.
the biggest variable of which is the increasing bitfinex shorts, and whether or not they will become realized gains, or a short squeeze for liquidity to fuel a rally. that concerns me; and i am more apt to believe that aother entry price at 20k levels is desired by composite man.
this is the best i can scramble, but given the new data and current trajectory; some adjustments have been made.
the biggest variable of which is the increasing bitfinex shorts, and whether or not they will become realized gains, or a short squeeze for liquidity to fuel a rally. that concerns me; and i am more apt to believe that aother entry price at 20k levels is desired by composite man.
Note
might be moving into phase C of wycoff accumulation momentarily. this is eithe the spring backtest or we may fish lower levels of a fib .618 at 26k (see previous post with fib levels laid out)Note
We may be entering into phase D as of current rallyNote
sentiment from friends seems to be that they believe the price is going lower but nobody wants to short it LOL.i'm remaining bullish as long as 30k is holding a higher low for the time being.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.