FTM: We Have Wyckoff Spring Event in Phase CHi Everyone! Yes, we have a Wyckoff 2.0 Spring Event in Phase C. However, it's POSSIBLE this "Spring" event may not be over yet. It's possible to continue falling down to around $0.1457 but no guarantee it will continue falling down to that price point.
In order to avoid continue falling down further, we need the Red and Blue Lines in the 12-hour to rise above level 20 to begin "contraction" of the B-Bands to encourage price action to rise up with this contraction. However, if we want to see increased odds of the price action "continuing" to go up, we need to see the Red and Blue Lines both rise above Yellow Level 50 in the 12-hour and 24-hour time frames.
Don't forget, it's common to see a "Test" of support AFTER a Wyckoff Spring event. Must we have a "Test" after a Wyckoff Spring? No... It's also common to see a "V-Recovery" after a Wyckoff Spring event when looking at the 3-Day time frame.
I also mentioned, "Anything below $0.20 cents is worth accumulating by buying out-right and taking off exchange to put in a hardware wallet for HODLING till we approach a Buying Climax in Phase E in 2025. This is my "opinion" of course and not financial advice.
Those looking to open a margin long to keep open until some time in 2025 should keep the leverage low with no possibility of liquidating the position unless the price falls below $0.09 cents.
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Happy Trading and Stay Awesome!
David
