Oldschool
Battle of the AgesAs Retail traders continue their moon ticket purchasing & placing orders for Lambo's. The institutional players are fighting their own battle, waging war on retail.
Its a story as old as time, trading is a constant fight - one man's loss, is another man's win!
I have recently posted some logic as to the current situation, the time stamps, used every tool in the @TradingView arsenal. And some others. If you want to get a feel for where exactly we are on the roadmap you can watch a few of the last streams. I keep them short and on point to make them easier to absorb the information.
Here are some posts deploying similar logic, including the update after the spike (click on the images to see inside)
My business partner Paul wrote a great article on the target on Saylor's back. Although we might not get down as low, we still have to keep it in mind.
In addition to this, the Wyckoff logic that enabled us to call the top - has some interesting levels near by and so far playing by the rules. For more on Wyckoff click this link or see in the related ideas.
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Simple Higher or Lower lows and highs - show the character of Bitcoin currently.
So although our view is Bullish overall - for now I feel we are still in a decent pullback on the weekly timeframe.
Time wise - well 4's are often the most drawn out, due to the nature and logic of the profit taking and re-accumulation phase.
We cover a load of educational content and aim to simplify the logic - But as clear as day, we can see why we are where we are.
Safe trading & Have fun!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
