ChartCinema

BITCOIN 🚀 is at the same prices that Tesla bought it at 👹‍🚀

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ChartCinema Uppdaterad   
COINBASE:BTCUSD   Bitcoin
Just something to think about.
Kommentera:
Bitcoin x Wyckoff
✅1) Need to flip that 1H - 200 EMA to Support
🟡2) Volume should start increasing as retail traders take positions.
đŸŸ„3) Price needs to get to the $43,000 Resistance Line
đŸŸ„4) Reversal is only confirmed with a huge Volume Spike... FireRocket

Kommentera:
Just updated the Wyckoff Schematic to be more detailed and precise...
✅1) Need to flip that 1H - 200 EMA to Support
🟡2) Volume should start increasing as retail traders take positions.
đŸŸ„3) Price needs to get to the $43,000 Resistance Line
đŸŸ„4) Reversal is only confirmed with a huge Volume Spike... đŸ”„đŸš€

Kommentera:
As bullish volume expands, this is the phase of the Wyckoff schematic where traders will look to go Long.

✅1) Need to flip that 1H - 200 EMA to Support
✅2) Volume should start increasing as retail traders take positions.
đŸŸ„3) Price needs to get to the $42,000 Resistance Line
đŸŸ„4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... đŸ”„đŸš€

Kommentera:
BITCOIN x Wyckoff Accumulation appears to have failed... 😭
Only sign of hope is the lack of increasing Bear Volume in relation to price dropping. (Effort < Result)
Without Bullish Demand... the only chance of a reversal is a Short Squeeze by whales at $30,000...

Kommentera:
BITCOIN -- Supply and Demand ⚔ Battle Is Coming to a Close! (after 25 days of agony 😓) Volume in relation to Price (Effort and Result)... have shown that Bears đŸ» had no follow-thru and the Bulls 🐂 gave clues of accumulation with increasing volume spikes. 🐍


✅1) Above 1H - 200 EMA to Support
✅2) Bullish volume increasing as retail traders take long positions.
đŸŸ„3) Price needs to get to the $42,000 Resistance Line
đŸŸ„4) Reversal is only confirmed with a huge Volume Spike at Sign of Strength... đŸđŸ”„đŸš€

đŸ€ȘI can't believe it's been ranging sideways for nearly a month! (25 days to be precise.) I believe Bitcoin may take the lead, while the Altcoins may lag behind and range sideways for an extended time.


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