Bitcoin Idea: Wyckoff reversal, temporary correction + peak Dec.
Updated
Many of heard about the storybook Wyckoff schematic that took place recently and let bitcoin dump.
This method is used by institutions and whales to take maximum profits and demoralize the small investor. It seems to work out just well.
This idea shows the "bullish" Wyckoff method as a reversal to the bearish one right after.
Of course, everything is possible, a longer bearish period, an instant reversal, or a sideways movement. I think the last one is most likely to happen because:
Bears and bulls get demoralized, fear on both ends "boring" sideway movements let people a little bit out of the mania. But they will come eventually back with extreme FOMO. And in another uptrend they supporting the buildup of that parabolic move we all need to see for the end of this bullrun.
Its staying interesting guys be thrilled!
This method is used by institutions and whales to take maximum profits and demoralize the small investor. It seems to work out just well.
This idea shows the "bullish" Wyckoff method as a reversal to the bearish one right after.
Of course, everything is possible, a longer bearish period, an instant reversal, or a sideways movement. I think the last one is most likely to happen because:
Bears and bulls get demoralized, fear on both ends "boring" sideway movements let people a little bit out of the mania. But they will come eventually back with extreme FOMO. And in another uptrend they supporting the buildup of that parabolic move we all need to see for the end of this bullrun.
Its staying interesting guys be thrilled!
Note
Until now it quite follows the channelTrade active
Still following the channel!
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