MARA - Bullish WXY and Wyckoff Clues
Updated
MARA
This is an ultra complex chart but I think a 1:0.618 Golden Window (0.618 - 0.786) WXY may be completing here.
Notice that there is a slightly lower in this recent 3 wave slump.
Both of these lows are slightly lower than the April low.
And all three lows are lower than January low.
These lower lows are liquidity shakeouts.
And when you have many consecutive bear trap shakeouts, then this can be a big clue that the dominant trend will be to the upside.
From the perspective of Wyckoff these slightly lower lows can be considered to be ST Secondary Tests.
The fact that we have multiple instances of ST rather than just one reveals that this chart is much more dynamic than that of the schematic.
So this is a very exotic chart and there are much simpler crypto related assets to buy.
But if you are looking to buy, then is a good technical area to do so.
Of course we have the interest rate decision looming next week.
And that could well see charts looking bullish see lower lows.
But there is also the possibility that there will be a bullish outcome 🤨.
Not advice
This is an ultra complex chart but I think a 1:0.618 Golden Window (0.618 - 0.786) WXY may be completing here.
Notice that there is a slightly lower in this recent 3 wave slump.
Both of these lows are slightly lower than the April low.
And all three lows are lower than January low.
These lower lows are liquidity shakeouts.
And when you have many consecutive bear trap shakeouts, then this can be a big clue that the dominant trend will be to the upside.
From the perspective of Wyckoff these slightly lower lows can be considered to be ST Secondary Tests.
The fact that we have multiple instances of ST rather than just one reveals that this chart is much more dynamic than that of the schematic.
So this is a very exotic chart and there are much simpler crypto related assets to buy.
But if you are looking to buy, then is a good technical area to do so.
Of course we have the interest rate decision looming next week.
And that could well see charts looking bullish see lower lows.
But there is also the possibility that there will be a bullish outcome 🤨.
Not advice
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Slow but steady movement up since making this call.
These miners are not the most exciting in this area compared to MSTR that is a rocket, but they will likely have big pumps down the road.
Note
Pop pop.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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