Wyckoff 3.0
Updated
- Based on altcoin dominances indicating risk-on activities I believe we're not in a bear market
- So we're just retracing but why is the chart so bearish?
- Wyckoff 3.0 - everybody is too smartass these days buying the dip - look at open interest and funding rates
- Make this dip look extra bearish by: breaking ema's, key fibs and major trendlines to get them to finally sell
- We're approaching this time - just bearish enough that everyone is selling but still within reach of recapturing the major uptrend by breaking out the massive descending wedge
- Momentum indicators also pointing toward this happening within the next 10 days but the trends would suggest sooner imo before it is too far gone to repaint a bullish picture for this cycle
What's next? a 20% move up on corn and dominance recovery (all that money stashed up in alts will help squeeze many bears)
What's the likelyhood? I'm going with 70% and managing exposure accordingly - if it fails the next dip will be substantial
- So we're just retracing but why is the chart so bearish?
- Wyckoff 3.0 - everybody is too smartass these days buying the dip - look at open interest and funding rates
- Make this dip look extra bearish by: breaking ema's, key fibs and major trendlines to get them to finally sell
- We're approaching this time - just bearish enough that everyone is selling but still within reach of recapturing the major uptrend by breaking out the massive descending wedge
- Momentum indicators also pointing toward this happening within the next 10 days but the trends would suggest sooner imo before it is too far gone to repaint a bullish picture for this cycle
What's next? a 20% move up on corn and dominance recovery (all that money stashed up in alts will help squeeze many bears)
What's the likelyhood? I'm going with 70% and managing exposure accordingly - if it fails the next dip will be substantial
Trade active
Aaaaan we have a breakout!!Trade active
Well shit...that fakeout had me...
at this point holding spot positions and looking for the next setup
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