a look into the future. BTC wyckoff distribution on the weekly chart pt 75k. not financial advice.
well i don't have a brief description for the chart, but I wanted to come back to this later and so I'm posting it here.
posted this on October 27th i believe so, got the wrong date and I updated the chart but, it had played out so now that the whales are in, what are you waiting for:)? currently up42.8% on 7x leverage entry price 1.93
pitch forks + fib extensions are probably the most powerful tool out there tbh, look how it has taken the pitchfork as support, perfect in hindsight, the ultimate level to look for before a major pullback would be 79-85k,
seems like the most likely scenario, the rsi looks really cooked, it needs to chillac a bit, I've been long since 61.8k but looking at this, I assume this would be the best-case scenario for the rsi to reset it self before the second leg up, if it doesn't just take off from here that is, bitcoin is a RAGING BULLLL
possible bottoms shown GREEN BOX = BUY alt season sure is around the corner and this surely looks like the whales are playing their little Wyckoff accumulation game, get ready to take off coming into nov 4-8
we see a giant wedge forming, expecting the bottom of this to be somewhere in this green box, plus keep in mind this is short term, I'm very bullish on eth as it broke from a cup and handles on the daily and is only getting ready to fling to 6k, GREEN BOX = BUY
here we clearly see a Wyckoff accumulation pattern, indicating the whales have accumulated, and an bull flag forming, according to what I see, green box will be a bottom before we take off and test the top of the 2nd box.
i mean theres nothing here to say but we are heading to 6k before any pullbacks.
BTC daily- using old rsi resistance as support, stoch rsi is fully reset and back to zero, huge hidden bullish divergence on the 4hr, MEGABULLISH
since the last bullish cross we had on bitcoin, we moved approx 12% to the upside and now we have another bullish cross on the stock rsi, with my levels drawn out off of a fib extension, a break above the purple box could possibly send us straight to 70k before another rejection, bullish for now on bitcoin.
I posted this earlier, and I'm going to repost it again, now everything is clearly pointing towards this correction, and I suspect a small push to the upside to trap longs, 57k btc perhaps and then we dildo downwards to that 45.5-45.8k range for one last time, and that will be your last chance to capitalize on such an opportunit. BTC 230K EOY.
a break from the .61 could send us plummeting, but don't get shaken out. If we do I'm buying 46.6k, 45.5k and 44.6k
I posted the 2021 chart, y'all could go ahead and put both side by side and see for your selves the similarity
going back to the 2013 fractal, they are pretty much the same, a lot of metrics are, its like this event is programmed, ill post the 2017 chart in comparison to this one(2021) and decide for your self.
be prepared, and do not get shaken out. we are due for a correction and this will be our last correction before a humungous rally. I'm eyeing 3k and 2.3k for the possible bottoms. using the 3 drives pattern it Brings us to 2.2k as a bottom.
4HR bearish div, rsi making higher highs while the price made a lower high, its formed a pennant and now the last thing hold it is the inside pitch fork, a break of the pitch fork could send us for the ema retest at 44-45k range.