Bitcoin - They blew up the rocket?
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Enjoying the moves recently and very very interesting to see the institutional transition.
Giving 9 out of 10 calls are still "moon shots" I feel the Elliott formations/Wyckoff structures are starting to look to be in play.
Going all out on a limb. I would like to see from here, a liquidity grab around 30k, or on the next confirmation long is a break and retest of 72k.
See the previous post for the main reasons behind a drop.
However, to summarise it Institutional money would like to buy long but at a discount. That could be near a 50% mark and not really dent the sides.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Giving 9 out of 10 calls are still "moon shots" I feel the Elliott formations/Wyckoff structures are starting to look to be in play.
Going all out on a limb. I would like to see from here, a liquidity grab around 30k, or on the next confirmation long is a break and retest of 72k.
See the previous post for the main reasons behind a drop.
However, to summarise it Institutional money would like to buy long but at a discount. That could be near a 50% mark and not really dent the sides.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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Look at the date of this image. I still think the move down is for breaking hearts & making Phat cats fatter!
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Well - step one played out nicely. Stochastic favouring the phase 2 drop also. Ghi chú
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Look at the level here and at the image 3 back (in updates) dated 21st March. Ghi chú
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Would LOVE now the move to only go to 54,000 ish level. Making a lower B instead of back to the 8Hour Order Block. Something like this... Ghi chú
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As A happened mighty quick. I have adjusted A - (same levels) just in alignment with what happened. As it moved exactly to the level predicted just a little faster. Reassessing B - The Pullback now should not be much higher. It's tagged area 57 from the post on the 26th of March (again quicker than expected) so now B comes down and E comes up.Ghi chú
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Updated image from the 27th Ghi chú
See a couple of images above. Pretty respectful she is becoming.Ghi chú
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Was liking the idea of a shallower pullback from A - but it's been stubborn and went all the way 😁Ghi chú
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And 24 Hours later - Resistance still playing it's part. Ghi chú
Take a look at the stochastic levels - Daily, Weekly & Monthly...
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