BTC Range bound accumulation pattern playing out.
G'Day Cobbers,
While everyone is still bearish, Im still playing this same accumulation pattern as my long term trade, if you were lucky and bought in at the yearly low I would be holding it, this pattern still can have a spring which would test the yearly low again, so a chance to get back in is possible. I did not include the spring as we have had so much buying of late, i'm not too sure that supply may be at a tipping point but be aware that it is possible.
Otherwise its all on the chart, please don't message me if this becomes invalidated, i'm not a professional, nor do I claim to be one, i'm still learning Wyckoff, trying to incorporate it into my own trading style.
(NOTE: I dont do Elliot Wave, I am just using the abc to show predicted movements, I dont care if they are the right EW to use or not)
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
While everyone is still bearish, Im still playing this same accumulation pattern as my long term trade, if you were lucky and bought in at the yearly low I would be holding it, this pattern still can have a spring which would test the yearly low again, so a chance to get back in is possible. I did not include the spring as we have had so much buying of late, i'm not too sure that supply may be at a tipping point but be aware that it is possible.
Otherwise its all on the chart, please don't message me if this becomes invalidated, i'm not a professional, nor do I claim to be one, i'm still learning Wyckoff, trying to incorporate it into my own trading style.
(NOTE: I dont do Elliot Wave, I am just using the abc to show predicted movements, I dont care if they are the right EW to use or not)
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
Note
Honestly Tradingview is hopeless when it comes to publishing these charts. this is what it should appear like. Note
Note
Note
Geeze 139 views on this chart. This is why I just post to twitter these days, if you want to follow my calls follow me on Twitter. For those that did see this call, I hope you made some profit. Just a note to the 10/25ma has crossed again, which would indicate that we have a little steam left in us yet. I would say that it could possibly go right up to that nasty downtrend line that has us trapped in the 8k's. My current trade is looking at 7300 and then 7500 , then will see. I took both Sept and December futures and left perp swap open for short hedging. Good Luck
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