Long BTCUSDT
Bitcoin is making a spring and doing the Wychoff's accumulation, beware of shorting at the support.
The whales are manipulating the price action to traps retails to short the bottom and reverse it up.
Investing and trading is a game of probability where the market moves up, down or sideways. Hence, the probability of a trader winning is around 33.33%.
The crowd and retails are always wrong, people are too bearish at the bottom of a cycle and too bullish at the top of the cycle.
A lot of traders try to be right after I warned about the institution Wychoff's manipulation and some refused to listen and give into whales manipulation.
Some traders tried to aim for 10k price for BTCUSDT to buy the dip, but it never happened, the only way you can get rich is to buy at 16k and HODL.
Talked about it so many times and yet people still love to donate to the market trying to be smart.
The cryptocurrency , Bitcoin or BTCUSD is now trading at the golden support again with whales manipulating retails to short at support before doing a Wychoff's accumulation and reverse to the upside.
The manipulation was a huge success but I tried to warn the stubborn poor retails traders but yet they refused to listen. Only few listened, I hope they are in profits now.
Bitcoin prices had been ranging around at 15k-17k as I said and now it had made a double bottom , soon it will continue to go up and everyone will get rich. A double bottom of a double bottom .
It had made an impulse correction and soon will go to 35k to fill the gap and beyond, to da moon.
On weekly, the chart had not broken the low and is making a higher high, soon it will go to the moon, buy now.
Amplify your gains by using leverage, long here and u can be filthy wealthy. Time to go all in and get rich.
Bitcoin or btcusd had made a double bottom technical structure. Bitcoin is doing the same Wychoff's accumulation and soon shall reverse the trend and bottoms here.
Do not be tempted by whales to short on bear traps!!
Warning, DO NOT short the market and get short squeezed. Buy the DIP.
I see a lot of retail traders lost money shorting bitcoin at 17k instead of buying it, this is your last buying opportunity before we move up to 35k to fill the CME gap.
The whales had been doing manipulation on bitcoin and ethereum .
It had already made a 5 waves up and will do a correction before pushing further up to 35k to fill the cme gap.
DO NOT MISS THIS last chance to buy the dip opportunity.
The whales are tempting you to short bitcoin so that they can push the prices up by doing this sideways movements.
Do not be deceived by the whales manipulation.
This manipulation by whales are food for them as retails traders getting liquidated easily.
The whales are accumulating. It is trapping breakout traders to short here, this will bottom here.
Long btc . Sick of this sideway obvious manipulation by whales.
On a higher time frame, it made a impulse and ABC correction, soon it will moon and everyone will get rich like WOW?!
This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Wychofftheory
GBPUSD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 1.21500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: GBPUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
HOOD might move out the HoodI know we've all been told to stay away from HOOD and if you didn't you got rekt'd (me, down -%35, sold for loss)
BUT with the little knowledge i understand about Wychoff Theory we might see a Huge reversal.
I believe we could have another big shakeout IF we get another
Volume and Price action diverging (price action going down, volume ramping up)
After we get an explosive pump in our spring we should have another retest around $20.30 and maybe finally moon
Discloser, i dont have a position in HOOD, like i said i took the L (-%35, 30 shares averaged around @ $42 ish, ouch)
took that loss into AMC to open my first position at the Dec. dip already made my money back.
i would %90 open a new Position in Hood but im dead broke
cheers
BTCUSD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 50000 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
BTCUSD is in Downtrend and It is Expected to Continue Downtrend.
Bitcoin breaks the channel and dumps, where to nowSo we have broken the channel and are falling inline with my idea, and look forward to watching this play out. Im looking further ahead with this idea that may see another bull trap after hitting mid-high teens from the previous plan, so the market makers can try for another shot at trapping people in before another further drop to the bottom to extend the market out further
Update more detail added for BITCOINs next big reversal downSo just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73