Following Wyckoff method we could be in Spring phase. Obviously if this is a reversal market: if the price continue in a downtrend and don't cross again my red line, i think we are in a bear situation (i don't see a bear market in a whale transactions...but i could wrong).
Many out there look only for 100k Btc, obviously i'm long on Btc from many years. But i'm also long on Sp500 so, when we will reach this glorious goal? maybe a little short is still possible.
When market and their partecipants create Fomo, volume obviously spike. When market is in a fixed range or in a downtrend, volume is low. Now we have a serious low volume in Btc market, this could be the mega accumulation for the next explosion?
Uni is a great project, I bought some at the end of the year, now I think it is appropriate to see if the support holds and then to think for a second entry.
I missed to Solana train last year so now i'm waiting a good point to enter for a medium term investment. The channel is still descending, is time to wait now.
I repeat it because it's never too much: i don't like TA. The only things i like is to find similar pattern to understand (or to try) human behaviors. I thinks these patterns are very similar or am I wrong? If i'm looking trading view with bread slices on my eyes, tell me.
I'm bullish on Bitcoin in long term but is always good analyze the pattern to find some price projection. I'm not saying "we are in a bear market", but if are we? Maybe this is a possible scenario looking at the monthly chart. i don't know, surely this psychological game is stressfull, damn.
I just drew parallel lines that follow the ascent and descent phase in the market, I didn't think I would find such a perfect coincidence. What's next? Do we continue the descent, lateralization or do we start again uphill?
If we enter in a Fomo bull market like 2017, i think a reasonable 100x from here has high probability to happen. If market continue to grow slowly, we can reach a 10x. In other words we can only grow, but i think exponentially will be the way which we grow. Ath can be moved, nobody can know when this will happen.
Around this support hodlers and whales seems continue to push the price to avoid bears can dominate the scene. I don't see a downward spike so weird to scare everyone another time, and then maybe the next bull can run and create a decent Fomo? Ahhh, it was so simple in 2017, good times those. :)
Btc whales are kidding us? Seriously, that support is ridiculous, at least for now. Let's see in some hours what will happen.
Nah, do you really think Btc can go below 10k? As i told in other chart, i don't like TA, but is uselfull to understand market psicology: if you put a series of red candle until 10k, what's the result? I mean, what kind o psicology has this market? What are doing their partecipants? Are they all stup-1d? I don't really think, we can go below 40k, again near 30k,...
There is a discendent channel, this is obvious. But where will be the stop of it? The orange line is very attractive imo.
I don't think we'll see an identical Wyckoff this time, this descent channel is different, more slowly, so i suppose that if price return to 53, it will do in a slow movement. I don't like copy and past previous pattern in short term, because is very different from macro trend pattern (human psycology don't change in long term), so...let's wait another 2 weeks.
People don't understand the real impact of some companies in the coming years, so they think Arkk will die tomorrow. If Ark will die we'll see delete from the US market companies like: - Tesla - Coinbase - Block - Teladoc Seriously, do you think in the next 3-5y will they disappear? Absurd, markets aren't a straight line always uphill :)