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Wickoff

Bitcoin in Distribution IDEAThere are 2 things after what I call a golden Chart in my Accumulation model (I'll leave it as related Ideas). The #1 thing is we might be in a distribution, so I tried to do the same thing I did with accumulation model, but now I am doing it based on distribution model, now, #2 thing is that either one of which I have been analyzing does not fit entirely with what is happening, so I will let this open for debate. We stablished a High Top as Buying Climax that has pretty poor volume, but I could still use that as a TOP, if not you can counter analyze it with arguments please :). Now we Never touch that BC top again... never went back to 8.4k. Actually I was hopping we could go to 8.6k at least before dumping, but I guess that's the deal, so without taking any risks I decided 8.2k was a good point for shorting. Now we DID test a light resistance at 8.3k in several occasions, but then it couldn't hold so now we see a way straight to lower 7kish levels. (This perfectly fits with Descending triangle drawn in recent posts too) Now I am waiting 7.4k. Question is: Would be possible to jump once again? in that case a second Top would work well with this Schematic of Distribution, it would only give more time. This is just an idea, not an advice of any kind, just want to know what you guys think of this one and give me a like if you liked it. Thank you. :)
by G0ldenross
1
What a Pump right??? BTC breaks 7kNow you can see, Phase D can be said has begun, in this Accumulation process, I HATE to be so intense in my analysis, but I insist, a retest on the Trendline must be enough to shakeout the market, I don't think this is done. YES, I expect a pullback later today, maybe tomorrow, and definitely I expect a top at 8kish... but first, we need to correct 7.4k jump, then 7.8k we didn't break in June of course, and then we will be able to go to 8kish... In the Daily, We are also having difficulties to break above EMA 100 so, it is at 7.4k... so I guess this is first station. SPANISH: Ahora pueden ver, la Fase D se puede decir que ha comenzado en este proceso de Acumulación, ODIO ser tan intensa en mi análisis, pero insisto, un nuevo retest en la línea de tendencia debe ser suficiente para sacudir el mercado, no creo esto haya sido todo. SÍ, espero un retroceso más tarde, tal vez mañana y, definitivamente espero una tope en los 8k... Pero primero, tenemos que corregir el salto a 7.4k, luego los 7.8k que no rompimos en junio, por supuesto, y luego podrá ir a los 8k... En velas diarias, estamos teniendo dificultades para superar el EMA 100 que se sitúa en 7.4k ... así que supongo que esta es la primera parada de descanso.
by G0ldenross
4
My Wickoff Updated and Refurbished on Bitcoin In previous Analysis I was explaining a lot about our accumulation Zone and all the details that it required to be explained. Thus, I think I made a mistake on timing the market, and since I always update my analysis, when I checked my Chart I realize one thing, THE VOLUME, I know I have been talking about volume a lot, but I wasn't seeing correctly the volume in phase b, the thing is that we never had a spring, that was ST, but the reason because I didn't see it is because BTC found the bottom lower than the SC, because Selling Pressure really got exhausted at that point, and apparently in th 6kish and 5.9kish there is not a lot of supply, that's why volume decreases in each dump, and now I can expect a real Spring in Support Lines A-B area once again before moving upwards, The Creed matches like a mirror from schematic #1 but it fits more likely, it doesn't really matter. If this is correct, it would match with previous analysis where I see a mark up in July for the short term, and maybe we can get to retest trend line, this doesn't mean reversal, just means that a shakeout is needed. Well let's see what happens now in the upcoming days. SPANISH En Análisis anteriores he estado explicando mucho sobre nuestra Zona de acumulación y todos los detalles que requería explicar. Por lo tanto, creo que cometí un error en la sincronización del mercado y, dado que siempre actualizo mis análisis, cuando revisé el Gráfico me di cuenta de una cosa, EL VOLUMEN, sé que he estado hablando mucho sobre el volumen, pero no estaba viendo correctamente el volumen en la fase B, la cosa es que nunca tuvimos un Spring, este era un ST, pero la razón porque no lo vi es porque BTC encontró el fondo más bajo del SC rodando los soportes mas abajo y, porque la presión de las Ventas realmente se agotaron en ese punto y, aparentemente en los 6k y 5.9k no hay mucha oferta, es por eso que el volumen disminuye en cada declive (Dump), y ahora puedo esperar verdadero Spring en las Líneas de Soporte A-B una vez más antes de movernos al alza. El Creed se ve como un reflejo del que se muestra en el esquema #1, pero es más compatible, realmente no importa, funciona. Si esto es correcto, coincidiría con un análisis previo donde veo un movimiento alcista en julio para el corto plazo y, tal vez podamos volver a testear la línea de tendencia, esto no significa inversión de tendencia, solo significa que se necesita una sacudida. Bueno, veamos qué pasa ahora en los próximos días.
by G0ldenross