Just another example of Wyckoff Distribution.
I jumped the gun on a few calls, but I still see distribution. Could possibly be reaccumulation (not looking like it), either way I think we're going down. TIP: Don't analyzing the charts and come to conclusions based off what you want to happen. Look at what the market wants and needs to do. Basically, all this shit is manipulated, learn how to play the game....
One more push? Will it be a bloody Monday?
Let's see how this redistribution schematic plays out. Elliott waves included.
From my current analysis it looks like we are in a re-accumulation phase. For this analysis I used Wyckoff schematics, Elliott waves, Fibonacci levels and chart patterns. As you can see we broke out of the red parallel lines. Parallel lines typical result in counter trend movements. A bounce off the $45-46k area and retest of the $58k level could signify a...
Here's my little analysis of Acasti. This is purely off technical analysis and nothing related to the news. This is the monthly chart. As you can see we are trading in between two parallel lines which usually signifies a countertrend movement and is good news for higher prices. However on the smaller time frame, it looks like we are trading within a expanding...
Sometimes the answers are right in front of your face.
Is bitcoin setting up for a big move?