Bitcoin Wyckoff - It's all coming together
Updated
Until now, I have been hesitant to label the bigger picture (purple boxes), but everything is making sense now. We had ups, sideways, and now the descent has began.
Using traditional pnf targets, 50k is the target. This aligns with liquidations on most of the top exchanges where most low leveraged users get liquidated.
I will be shorting until something changes or we hit close to 50k.
Using traditional pnf targets, 50k is the target. This aligns with liquidations on most of the top exchanges where most low leveraged users get liquidated.
I will be shorting until something changes or we hit close to 50k.
Note
New PNF target of 46k.Trade closed manually
Note
Closed because I didn't want to go into the halving with a position. That is all. Will open back.
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