WIF Wyckoff Distribution PhaseHi all, this is just a journal for myself trying to apply wyckoff strategy in crypto. Seen this on wif and kinda look like we are already on top. Knowing Bitcoin have already broken out all time high but this struggle to go further. Aiming $1.9 for short term target. I wouldnt buy this meme at this valuation tbh. Not a financial advice, and dyor! Cheers!
WIFUSDT
WIF NEW UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
The resistance of the previous analysis was cleared and a flip zone was created for us.
Examining the waves, it looks like we have a diametric that has now ended wave C and entered wave D of this diametric.
Each wave of this diametric is between 19 and 12 days.
By maintaining the flip range, we expect a rise from WIF
WIF NEW UPDATE (4H)This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
The resistance of the previous analysis was cleared and a flip zone was created for us.
Examining the waves, it looks like we have a diametric that has now ended wave C and entered wave D of this diametric.
Each wave of this diametric is between 19 and 12 days.
By maintaining the flip range, we expect a rise from WIF
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
WIF Has formed a divergence at the support zone WIF Has formed a divergence at the support zone. Soon it should go up
🔵Entry Zone 0.2939 - 0.3064
🔴SL 0.2735
🟢TP1 0.3312
🟢TP2 0.3669
🟢TP3 0.4000
🟢TP4 0.4407
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WIF LOOKS BEARISHWith bearish iCH and iBOS, it has a bearish structure on the chart. The price has reached a good supply. The price is expected to reach the green box with volatility.
We have specified the targets on the picture. Closing a daily candle above the red box will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You